UN carbon markets enter implementation phase with 'learning by doing' approach

At the Bonn climate conference, proponents of Article 6 carbon markets advocated for a 'learning by doing' approach as the mechanisms move into their implementation phase. This strategy, highlighted by Carbon Market Watch, precedes COP31 and suggests an iterative development of the market rules. While funding arrangements for Article 6 were the only official negotiation item, the broader push indicates a readiness to advance market operations despite unresolved foundational issues. Critics argue this approach risks negative climate and societal impacts. The conference signals a move towards operationalising UN carbon markets ahead of full regulatory clarity.