Carbon Credit Rights under the Paris Agreement
How Article 6 and the implementation of NDCS may shape government approaches to the carbon market, and what this mean for the rights related to Carbon Credits.
Gold Standard has also today published a new report prepared in collaboration with EY Law, exploring how the transition to the Paris Agreement and the adoption of Article 6 guidance may affect different rights related to carbon credits. The development of this report was supported by the Swedish Energy Agency.
It is clear that the carbon market is now operating in a new context under the Paris Agreement and that governments may begin to take renewed interest in the activities taking place within their borders. What is not yet clear is what exactly this means for carbon market actors, and whether actions by governments will work to harness investment or to hinder it.
In this paper, Gold Standard and EY Law look at this question, exploring how the new context under the Paris Agreement, with the adoption of an Article 6 rulebook and the implementation of Nationally Determined Contributions (NDCs) in most countries, might shape the way governments engage with the carbon market, and what this could mean for the private sector.