COP29: Oman finalises draft rules for Article 6 carbon market
Last year at COP28, governments unexpectedly rejected the guidance they had been working on due to disagreements.
The Sultanate of Oman has finalised a draft framework for the use of carbon reduction certificates under Article 6 of the Paris Agreement – due to be officially launched at COP29 later this year.
The 52-page document reportedly provides the most complete guidelines so far on Article 6, which governs how countries can trade carbon reduction credits to meet their decarbonisation targets, known as nationally determined contributions (NDCs).
