Cooperative action is one of the key factors needed to achieve the scale of action required for limiting global warming to 1.5 degrees Celsius. Article 6 of the Paris Agreement can play its part here, as it is designed to foster cooperation among Parties. Article 6 explicitely stipulates that such cooperative activities are to contribute to raising participating Parties' climate ambition.
Therefore, this issue of the Carbon Mechanisms Review asks how ambition raising can take place in cooperative action, what the pitfalls are and how action can be best aligned with host country policies.
Beyond that, the latest CMR looks at activities blending climate finance and at carbon financing schemes, and analyses ways to attribute the mitigation outcomes. Other articles state how double counting can be avoided under CORSIA – Carbon Offsetting and Reduction Scheme for International Aviation and how sustainable development benefits can be promoted through various approaches under Article 6.