Finalization of Article 6 of the Paris Agreement in Baku sets out the new framework for the operation of Carbon Markets

Noel Casserly & Eugene Hendrick - December 2024

The UN Climate Change Conference (COP 29) which took place in Baku between 11th and 22nd November 2024 produced an historic agreement on Article 6 on carbon markets.  This means that all elements of the Paris Agreement relating to the mechanisms for carbon trading have now been finalised nine years after that agreement was signed.