New Article 6 authorisation requirements

 REQUIREMENTS 

A step closer to supporting the creation and transfer of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6. 

The GHG Emissions Reduction and Sequestration Product Requirementswhich provides the specific rules for projects seeking issuance of products (i.e., GS VERs, GS CERs and PERs) has been updated to:

• Incorporate latest understanding and developments within the global climate policy regime, following the adoption of Article 6 guidance
• Introduce further clarity on key aspects related to GHG specific product requirements
• Promote consistency between various standard documents

These updates have been made based on outputs from COP26, feedback from multiple consultations, and participation within working groups including the Voluntary Carbon Market Integrity Initiative and our own Working Group on Article 6 set up to ensure environmental integrity and that carbon finance continues to flow where it has the greatest impact.

Key changes include:

1. Revised double counting requirements to incorporate new procedures to manage VERs authorised for use under Article 6 of the Paris Agreement
2. Buffer requirements for non-carbon sequestration projects and clarification on issuance of PERs
3. Clarification on justification requirements for retroactive projects
4. Minimium site visit requirements for VVBs 
5. Working definition for carbon removal project types 

If you have questions about what Article 6 means for you and your project, please contact Article6@goldstandard.org.

 EXPRESSION OF INTEREST 

TECHNICAL SUPPORT FOR EARLY ARTICLE 6 ACTIVITIES 

Piloting initiative launched to support the authorisation of mitigation outcomes from activities under Article 6 of the Paris Agreement  

Partnering with Perspectives Climate Group, we are inviting expressions of interest from project developers looking to receive technical support in engagement with national governments towards Article 6 authorisations. 

This piloting work is funded by the Federal Ministry for Economic Affairs and Climate Action (BMUK) and intends to provide technical support to the 2-4 project developers selected as well as key findings + recommendations to inform Article 6 preparations for other project developers and actors. 
 

Further readings