Article 6.4: A UNFCCC-governed carbon-crediting program

The Article 6.4 rules lay out a UN-hosted carbon-crediting program called the Paris Agreement Crediting Mechanism, which will succeed the Kyoto Protocol Clean Development Mechanism. As of October 2024, the Article 6.4 mechanism is still under development, but it is structured similarly to carbon-crediting programs in the independent voluntary carbon market, with a governance structure, requirements for developing carbon projects (including standards and approved methodologies), and a registry system.

Carbon credits issued under these rules are called A6.4 Emission Reductions.

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