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




