climate target under the Paris Agreement

In the current quarter, Ghana's parliament hopes to finish ratification of bilateral A6 agreements with Sweden, and Singapore, the update added.

In the July-September quarter, the West African country says it hopes to authorise at least six more A6 projects.

Also by Q3, Ghana said it hopes to have initiated work to develop registry "interoperability with selected international standard programmes," without providing specifics.

Several standards active in the voluntary carbon market, including The Gold Standard and Verra, have made moves to help facilitate the use of Article 6 credits.

The current iteration of Article 6.2, and various agreements, are thought likely to proceed largely intact despite the failure of talks at COP28 to clarify rules for both the 6.2 and 6.4 mechanisms.

By Q3 Ghana said it also expects to finalise technical guidelines on authorisation,

issuance and transfer, project eligibility, and baselines for its Nationally Determined Contribution, which is its climate target under the Paris Agreement.

The West African country's government also expects to "catalogue methodologies" for Article 6.2 projects by around the middle of the year.

Ghana, one of West Africa's biggest economies, has been an early mover in setting up the various frameworks required for ITMOs to be issued and international accounting procedures put in place to comply with UN rules.

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