The Article 6 Market: Scale, Value and Pipeline
128
Bilateral deals signed, only 5 completed.
98.9%
Of CORSIA Phase 1 supply not yet retired by airlines.
15%
CDM transition approval rate, with the June 2026 deadline fast approaching.
41%
Volume reduction on the first PACM issuance versus CDM.
$204M
Confirmed host government revenue from current supply pipelines, yet most lack fee structures to capture it.
1.1%
Of developers operate across more than one Article 6 pathway.
Frequently asked questions on Article 6
Article 6 of the Paris Agreement establishes mechanisms for countries to cooperate on climate targets. Our report cuts through the complexity with reliable data on where the market stands today.
What is Article 6?
Article 6 of the Paris Agreement lets countries cooperate to meet their climate targets. There are two market-based mechanisms: Article 6.2, which governs direct government-to-government bilateral deals, and Article 6.4, a centralized UN crediting system set to replace the Clean Development Mechanism.
What is a Corresponding Adjustment?
A mechanism ensuring that emission reductions are only counted once, by adjusting the host country's greenhouse gas inventory to reflect transferred ITMOs, preventing double counting between buyer and seller countries.
What is the difference between Article 6.2 and Article 6.4?
Article 6.2 is bilateral and flexible, allowing direct negotiation between countries. Article 6.4 is a multilateral, standardized mechanism governed by a supervisory body under the UNFCCC, ensuring more stringent oversight and global consistency.
What are ITMOs?
Internationally Transferred Mitigation Outcomes are emission reductions transferred between countries under Article 6.2, measured in metric tons of CO2-equivalent.