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.
The Carbon Markets Infrastructure Working Group (CMI WG)—convened by the World Bank as a follow-up to the Engagement Roadmap for Carbon Markets—brought together over 45 public and private sector entities to strengthen the global infrastructure for high-integrity carbon markets.
A group of national governments that jointly develop modalities for piloting activities under Article 6.2
Joint MDB activities to operationalize Article 6
A diagnostic tool for evaluating national carbon market readiness
Browse our collection of papers, videos, recordings and other media covering all of our work areas and more
The World Bank announced its Engagement Road map for High-Integrity Carbon Markets seeks to expand transparent and inclusive carbon markets that benefit developing countries first
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
Our vision and mandate
Exploring innovative concepts around policies, markets and technology
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
