Article 6: who got what at COP29

After nearly a decade of negotiations around Article 6 of the Paris Agreement, COP29 in Baku reached compromises on key issues surrounding the transaction of climate change mitigation units - including how countries authorize those units, whether they can be revoked, and how the registry system for them will be structured. The timing for settling on these rules was crucial, as countries are deciding their national climate change mitigation targets for 2030-2035 this coming year – with settled rules on how to reach those targets cooperatively through the trading of credits Article 6 facilitates, governments can afford to take on more ambitious targets.