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First Article 6 Carbon Trade

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Two countries have made the made first transfer of emissions obligations under Article 6 of the Paris agreement. As part of a bilateral agreement, Switzerland has agreed to purchase carbon credit from Ghana underpinned by a sustainable rice project in the West African country that would curb methane emissions. Article 6 allows countries to work cooperatively toward meeting their climate goals, which carbon market advocates have long hoped would lead to international, linked carbon markets. The trade was announced at COP27 in Egypt.

Topics:
Carbon Markets , CO2 Emissions, Nature-Based Solutions
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