Implications of policy decisions for international crediting under the Paris Agreement

Analysis of options for determining OMGE, SOP and Transition within Article 6

  • Harry Fearnehough
  • Claire Fyson
  • C. Warnecke
  • Kristin Qui
  • Matthew Gidden
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This report explores three key unresolved issues in international negotations on the rules for international carbon markets under Article 6 of the Paris Agreement: achieving an overall mitigation in global emissions (OMGE), collecting a share of proceeds (SOP) for adaptation and the transition of the Clean Development Mechanism into the Paris Agreement. The report explores the potential quantitative implications of different policy choices on these matters, both in isolation and in combination with each other, with the aim to support decision-making in the context of the international climate change  negotiations.