Article 6 of the Paris Agreement provides two types of market-based instruments that Parties to the Paris Agreement can use to achieve their mitigation targets. This explainer describes each of these instruments, as found in Articles 6.2 and 6.4 of the Paris Agreement, and explains the main challenges carbon markets are facing and how these may be overcome.
Carbon markets under the Paris Agreement Article 6
All reasonable efforts have been made to ensure the accuracy of this information at the time the advice was produced (please refer to the date produced below). However, the materials have been prepared for informational purposes only and may have been superseded by more recent developments. They do not constitute formal legal advice or create a lawyer-client relationship. You should seek legal advice to take account of your own interests. To the extent permitted any liability is excluded. Those consulting the database may wish to contact LRI for clarifications and an updated analysis.
Date produced: 26/06/2025