Article 6 of the Paris Agreement recognizes that countries may voluntarily cooperate with each other to deliver on their NDCs and raise ambition. Effectively, this Article introduces the use of carbon markets globally. Article 6.2 signals flexibility for and permits direct bilateral or plurilateral cooperation for the generation and transfer of mitigation outcomes (MOs) from one country to another under a variety of mechanisms. Article 6.4 will likely be governed by the Parties through the UNFCCC process
The Climate Warehouse program prototypes, tests and develops end-to-end digital infrastructure for carbon markets. Successful prototyped and tested elements of the digital infrastructure will be operationalized to build the market infrastructure.
EBRD, UNDP, UNFCCC, IETA, ESA, and World Bank Group have initiated a collaboration in the form of a Working Group with the aim to coordinate the respective work streams and creation of an end-to-end digital ecosystem for the carbon market.
A group of national governments that jointly develop modalities for piloting activities under Article 6.2
Joint MDB activities to operationalize Article 6
A user-friendly and secure platform that provides up-to-date, quantitative information
Browse our collection of papers, videos, recordings and other media covering all of our work areas and more
The CW Public Observer Node I A one-stop-shop to learn of and explore the third version of the Prototype.
Latest announcements and press releases
Global and local workshops with our partners to share ideas and learn about new work
Blog posts from the frontlines of climate solutions
Our vision and mandate
Exploring innovative concepts around policies, markets and technology
Meet our team
Supporting our work and vision and collaborating towards innovation
From Readiness to Implementation
Established by the World Bank to develop emission reduction projects
Focus on helping countries embarking on carbon pricing move from readiness to rollout
Providing funding and technical assistance to countries to build readiness for carbon pricing
A voluntary initiative that catalyzes action towards the successful implementation of carbon pricing around the world.
Climate Finance Specialist