Talks are underway on Articles 6.2 and 6.4 at COP28 in the UAE
COP28 brings progress on Article 6
Talks focus on two key provisions to Paris Agreement rules allowing international trade in emission reductions
Delegates to the COP28 UN climate talks in Dubai made important progress on agreeing rules on international trading of emissions reductions under Article 6 of the Paris Agreement. Draft texts were released for Article 6.2 and 6.4, the two main provision of Article 6, which allows countries to trade emission reductions rather than only achieving reductions domestically. Potential cost reductions achievable through Article 6 could exceed $300b/yr in 2030, compared with the use by countries of solely domestic reductions, according to a study in the journal Climate Change Economics. But in the eight years since the Paris Agreement, neither of the two main provisions have been put into operation.
Also in this section
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
