Article 6 of the Paris Agreement: Significance for India

Article 6 – Paris Agreement

• Purpose: International cooperation to reduce emissions
• Nature: Market and non-market mechanisms

Key parts
Article 6.2: Bilateral or multilateral transfer of mitigation outcomes (carbon credits)
• Article 6.4: UN-supervised global carbon market (successor to CDM)

Safeguard
• Avoid double counting

Goal
• Cost-effective emissions reduction and climate finance flow

Why Article 6 matters for India
• Access to carbon markets and climate finance
• Transfer of advanced low-carbon technologies
• Aligns growth with decarbonisation

India’s recent step
• India signed Joint Crediting Mechanism (JCM)
• Operationalises Article 6.2
• Marks India’s entry into global carbon markets

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Article 6 of the Paris Agreement: Significance for India

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