CAN Position: Achieving Overall Mitigation in Global Emissions through Article 6 of the Paris Agreement, October 2019

In the context of negotiations currently underway to establish a new set of global carbon markets under Article 6 of the Paris Agreement, CAN-I fully supports the need for any such mechanism to deliver a real reduction in global emissions. Under the Kyoto Protocol, carbon markets have operated under a zero-sum game logic whereby, in theory, and under a perfectly functioning system, emissions in developed countries were compensated by emission reductions in developing countries. Given the need to accelerate climate action around the world, such a mechanism is not sufficiently ambitious.