Podcast Archives - Oxford Institute for Energy Studies OIES Podcast – How is Article 6’s global regulatory carbon market moving from concept to reality?
Oct 27, 2025
Hannah Hauman, Global Head of Carbon Trading at Trafigura and lead author on operationalizing Article 6, delves into the evolving landscape of global carbon markets. She discusses foundational aspects, recent trades, and the necessary digital and legal infrastructure to support scalability. Hauman emphasizes Article 6's role in creating a compliant international market that enhances cross-border trade. The conversation also touches on the benefits for developing countries and the potential for carbon trading to accelerate decarbonization by driving efficient capital flow.
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Carbon Trade Needs Policy, Not Ports
- Carbon trading functions like traditional commodities but requires policy and digital infrastructure instead of physical logistics.
- Article 6 and domestic rules are now creating the foundational pieces for scalable cross-border carbon trade.
Article 6 Creates A Global Carbon Currency
- Article 6 creates an international compliance market with standardized accounting and qualities for credits.
- It enables sovereigns and private buyers to interact and allows domestic schemes to interoperate with global balances.
Article 6 Fixes The One-Sided Kyoto Problem
- Kyoto-era international credits were one-sided and caused oversupply because exporters didn't account for deficits.
- Article 6 requires exporting countries to make corresponding adjustments, creating a single global balance.