ESG Decoded Podcast

What’s Delaying Article 6 Carbon Trading Progress Post-COP29? | ESG Decoded Podcast #167

May 27, 2025
Peter Zaman, a Climate Finance Lawyer and COP Veteran with over 20 years of experience, delves into the hurdles stalling Article 6 carbon trading. He discusses the complexities of carbon markets post-COP29, including legal ambiguities and the challenges countries face in securing carbon credits. Peter highlights issues surrounding letters of authorization and how national priorities impact progress. The conversation also touches on the evolving role of bilateral frameworks and the tensions between regulatory environments and private sector participation.
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INSIGHT

Article 6.4: Paper-Operational Only

  • Article 6.4 is fully operational on paper but likely two years away from practical use.
  • Many procedural steps like project registration and registry setup remain unfinished.
INSIGHT

Cooperative Approach Ambiguity

  • The cooperative approach in Article 6.2 is legally ambiguous with limited guidance.
  • Unilateral declarations exist but bilateral or multilateral agreements are more widely accepted.
ANECDOTE

Ghana and Kenya's Contrasting Carbon Strategies

  • Ghana has bilateral agreements with multiple countries for carbon credit trading.
  • Kenya currently pursues mostly unilateral approaches without signed bilateral frameworks.
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