
17/12/2024
At this year’s COP29 in Baku, delegates reached a key milestone in the global effort to reduce carbon emissions by fully adopting the framework for Article 6.4 of the Paris Agreement. While this agreement has massive potential to stimulate global climate action, it will require a careful implantation to ensure the system’s effectiveness, equity and sustainability.
The model of international collaboration enabled by Article 6 is especially attractive to city-states such as Singapore which face unique challenges in reducing their carbon footprint due to the combination of a developed economy, high population density and limited spare land, says Christopher Lilholm, Global Head of ESG and Sustainability Services, DNV in this article in Carbon Wire.
At this year’s COP29 in Baku, delegates reached a key milestone in the global effort to reduce carbon emissions by fully adopting the framework for Article 6.4 of the Paris Agreement. This decision paves the way for a UN-governed international carbon market, creating a new mechanism for providing ...