What are the Essential Ingredients for the Paris Agreement's Article 6 Rulebook?

The Wuppertal Institute just published its latest Carbon Mechanisms Review, the quarterly magazine on market-based climate policy instruments. This time, Axel Michaelowa and Stephan Hoch (Perspectives Climate Group) analyse what should be the central ingredients of the Article 6 section of the Paris rulebook, the aim being to identify what needs to be negotiated now and what can be put aside for a later date given the state of the UNFCCC negotiations.

The authors also present a potential case for non-market approaches: the adaptation benefit mechanism (ABM). In an interview, Gareth Phillips, whose idea the ABM was, pinpoints where he sees demand for adaptation units, points to the failures of the Clean Development Mechanism (CDM) and explains how to demonstrate certifiable adaptation project results.

Other articles cover new challenges for the environmental integrity under Art. 6 (Konrad Raeschke-Kessler), possible stumbling blocks on the way to implementing cooperative actions (Martin Burian/Joachim Schnurr) as well as a review of the future demand for offsets from the aviation sector and how the EU will treat aviation emissions in its ETS (Andrew Murphy, Transport and Environment).

The issue is available for free download.