Unlike the Kyoto protocol’s clean development mechanism (CDM), Article 6.2 of the Paris Agreement is designed to allow for international cooperation in carbon markets through decentralized governance. Under this article, bilateral or plurilateral cooperation between participating parties can be established through a mutually agreed policy and governance framework and reflected in the agreement between the parties involved. This decentralized architecture...
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2021/04/06
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Documento de Trabalho
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157947
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1
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1
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2021/04/06
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Disclosed
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Country Processes and Institutional Arrangements for Article 6 Transactions
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united nations framework convention on climate change
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