{"id":22849,"date":"2022-12-12T15:29:44","date_gmt":"2022-12-12T20:29:44","guid":{"rendered":"https:\/\/blogs.edf.org\/climate411\/?p=22849"},"modified":"2022-12-13T12:39:45","modified_gmt":"2022-12-13T17:39:45","slug":"article-6-looking-ahead-to-cop28","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2022\/12\/12\/article-6-looking-ahead-to-cop28\/","title":{"rendered":"Progress & Next Steps on Article 6: Looking ahead to COP28"},"content":{"rendered":"

This blog was co-authored by Maggie Ferrato<\/a>, Manager, Global Climate Cooperation and Pedro Martins Barata<\/a>, Associate Vice President, Carbon Markets & Private Sector Decarbonization.
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With the desert sands of Sharm El-Sheikh, Egypt behind us, we\u2019re looking ahead toward COP28\u2014and the opportunity to make further progress on Article 6, a key component of the Paris Agreement.\u00a0<\/span>\u00a0<\/span><\/p>\n

Article 6 outlines ways that countries can voluntarily cooperate to fight climate change, generate investment, and support sustainable development. The tools under Article 6 have potential to help countries go faster and further toward a safe climate future.<\/span>\u00a0<\/span><\/p>\n

After having a moment in the spotlight at COP26 in Glasglow, where negotiators delivered a strong rulebook for international cooperation, Article 6 drew fewer headlines at COP27. In Sharm El-Sheikh, countries deferred a number of decisions to the coming year but made progress on some technical pieces. However<\/span>, in the coming year and during COP28, we need countries to provide more clarity on operationalizing Article 6.<\/span><\/p>\n

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PROGRESS ON OPERATIONALIZING AT COP27<\/span><\/b>\u00a0<\/span><\/p>\n

Operationalizing Article 6 means developing reporting formats, agreeing on review processes, and building the infrastructure required to track transfers of credits between countries. These are all essential to provide clarity on whether and how countries are using Article 6 to cooperatively achieve their emissions targets.<\/span>\u00a0<\/span><\/p>\n

COP27 made progress on these three essential areas, with follow-up planned for COP28 and the following years:<\/span>\u00a0<\/span><\/p>\n