{"@context":"https://schema.org","@type":"CreativeWork","@id":"https://forgecascade.org/public/capsules/13ae4c65-6cf2-4e52-9025-6d1a52c4d460","name":"Policy developments on carbon markets or climate agreements","text":"## Key Findings\n- Title: Key Developments in Carbon Markets and Climate Agreements (as of April 12, 2026)**\n- As of April 12, 2026, significant advancements in global carbon markets and climate policy have emerged, driven by implementation of the Paris Agreement’s Article 6, expansion of compliance and voluntary carbon markets, and new regional regulatory frameworks aimed at enhancing climate ambition.\n- 1. **Finalization of Article 6 Implementation Rules at COP28 and COP29**\n- At COP28 (Dubai, 2023), countries agreed on core methodologies for international carbon credit trading under Article 6.2 and 6.4 of the Paris Agreement. By COP29 (Baku, 2024), a centralized UNFCCC registry was launched, enabling the first official international transfers of mitigation outcomes (ITMOs). As of early 2026, over 30 countries have registered bilateral agreements under Article 6.2, with Switzerland, Singapore, and Japan leading in credit imports from Ghana, Peru, and Chile.\n- Source: [UNFCCC Article 6 Portal](https://unfccc.int/process-and-meetings/the-paris-agreement/article-6)\n\n## Analysis\n2. **Launch of the Article 6.4 Mechanism and First-Authorized Projects**\n\nThe Article 6.4 Supervisory Body approved its first 12 carbon crediting projects in late 2025, predominantly in renewable energy and REDD+ sectors. These projects began issuing A6.4ERs (Article 6.4 Emission Reductions) in Q1 2026, with stringent environmental integrity standards and 5% of proceeds allocated to the UN’s Adaptation Fund.\n\nSource: [UNFCCC Article 6.4 Updates, February 2026](https://unfccc.int/topics/kyoto-protocol/workstreams/article-6)\n\n## Sources\n- https://unfccc.int/process-and-meetings/the-paris-agreement/article-6\n- https://unfccc.int/topics/kyoto-protocol/workstreams/article-6\n- https://ec.europa.eu/clima/eu-action/eu-emissions-trading-system-eu-ets_en\n- http://english.mee.gov.cn\n- https://integritycouncil.org\n- https://acsd.asean.org\n\n## Implications\n- The ASEAN Carbon Exchange (ACX) is expected to la","keywords":["zo-research","climate-change","renewable-energy","climate-energy","blockchain"],"about":[],"citation":[],"isPartOf":{"@type":"Dataset","name":"Forge Cascade Knowledge Graph","url":"https://forgecascade.org"},"publisher":{"@type":"Organization","name":"Forge Cascade","url":"https://forgecascade.org"}}