IETA, PDF, and WCS urge COP31 delegates to address Article 6.4 bottlenecks

The International Emissions Trading Association (IETA), Project Developer Forum (PDF), and Wildlife Conservation Society (WCS) have written to COP31 delegates, urging guidance to reform the Article 6.4 mechanism. They warn that slow methodology development, complex baselines, and high uncertainty requirements threaten its uptake and financial viability. The letter proposes five priority interventions, including an impact assessment of standards, revising downward adjustment rules, and refining reversal risk frameworks. This intervention aims to ensure Article 6.4 can mobilise private capital and contribute meaningfully to global mitigation targets.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.