Article 6 of the Paris Agreement is seen as an essential enabler of international emissions trading, providing countries and businesses with a key pathway to meet and accelerate their climate goals.
However, many key decisions and rules around the use of Article 6.2 and Article 6.4 need to be clarified at the COP28 climate summit in Dubai in order to move carbon markets forward.
S&P Global Commodity Insights' experts Dana Agrotti, Vandana Sebastian and Eklavya Gupte explore some of the complexities of Article 6 and its implications for both the compliance and voluntary carbon markets.
Related price assessments:
CNHDD00 - Platts Household Devices
ANBAA00 - Platts Nature-Based Avoidance
CNRED00 - Platts Renewable Energy
Related podcasts:
ESG Insider: What to expect from COP28, the UN’s big climate change conference, with president Saugata Saha.
Future Energy: Carbon credits seek to regain credibility amid growing scrutiny
Further reading:
Conversations at COP28 (Vandana Sebastian)
UN Article 6.4 body fails to finalize carbon trade text, new meetings planned (Eklavya Gupte)
Crunch time for UN carbon body to deliver clarity on Article 6.4 (Eklavya Gupte)
COP28 presidency working to drive demand for high-quality carbon credits (Eklavya Gupte)
INTERVIEW: COP28 director-general says progress on carbon markets needed to accelerate climate action (Eklavya Gupte)
Video series: What is the voluntary carbon market?
More listening options:
Join Benjamin Steven,Editor, EMEA Metals, S & P Global Commodity Insights in CME Group's 'Hedging Molybdenum Price Risk' webinar on December 12, 2023.
The webinar will provide an overview of market and methodology with special focus on
○ How the spot market is assessed
○ The current supply/demand picture
○ Molybdenum price development
Register Now
Join Peter Storey, Head of Prices, Food & Agricultural Commodities, and Gabriel Tande, Market Analyst, Food & Retail Manufacturing at S&P Global Commodity Insights as they review how the development of an El Nino weather event in recent months has caused some concerns for global food production.
Particularly drilling down into India, which has received below average monsoon rainfall, leading to food price inflation in the country and further agricultural export restrictions. Elsewhere, dairy prices have witnessed a long awaited rebound following a year-long bearish market.
Learn how else El Nino is affecting agriculture here.