Fast-growing market
Carbon credit trade is developing into an exponentially growing market and will play a decisive role in global climate protection in the coming years. Among many national and regional schemes, this is especially true for the trade of ITMOs based on Paris Agreement Article 6.
International collaboration
Article 6 allows the Parties of the Paris Agreement to cooperate directly with each other. It is possible for reduction measures to be implemented in one country and for the resulting reductions to be transferred to another country and counted towards the buying country’s national climate protection target (Nationally Determined Contribution, NDC). Synergies between host and buyer countries create new opportunities for all parties involved.
Advantages for project developers
This mechanism clearly creates a win-win situation for all involved organizations, including the host, buyer, and finance. For project owners, a carbon mitigation program is undoubtedly a business enabler and a financial breakthrough. The effects of carbon trading are manifold:
Comments are closed