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Morocco is to develop a legally-binding framework to exchange carbon credits with Singapore. The deal falls under Article 6.2 of the United Nations Framework on Climate Change’s Paris Agreement which permits countries to exchange carbon credits bilaterally.
Issue 465 - 24 July 2022
The rules governing a new mechanism for the international trading of carbon emission reduction credits is due to be agreed at the Bonn Climate Change Conference, which runs from 6-16 June in Germany. The Clean Development Mechanism (CDM) – which has so far proved of limited value to Africa – is set to be replaced by Article 6 of the 2015 United Nations Climate Change Conference’s Paris Agreement, which is intended to offer governments and project owners the potential to tap into a new source of finance.
Issue 462 - 13 June 2022
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