International Mitigation Activities under the Paris Agreement: The emerging Paris-compliant Carbon Markets

For several years myclimate has been developing international projects for the carbon markets in compliance with the Paris Agreement - and these markets have finally gained momentum since COP 29 in Baku. The countries’ unified frameworks (NDCs) under the Paris Agreement now allow the generation of carbon credits with an unprecedented integrity.

Cooperation under Article 6 of the Paris Agreement

Under Paris Agreement Article 6, countries can collaboratively engage in the implementation and funding of mitigation activities. The carbon credits generated in an activity’s host country can then be used towards the acquiring party’s climate change mitigation objectives. With the transfer of these credits, the transferring and the acquiring countries will adjust their emission balances accordingly, making so-called “corresponding adjustments”.  Depending on their exact purpose and specification, credits under the Article 6 framework are known as ITMOs (Internationally Transferred Mitigation Outcomes), Art6.4ERs (Article 6.4 Emission Reductions), or EEUs (CORSIA Eligible Emission Units).  

Getting engaged on Article 6 can be a dazzling and confusing experience. You can start your journey with us and count on our expertise to develop or procure the credits that serve your needs.

myclimate has grown strong on Article 6.2: Our team is developing pioneering mitigation activities in countries that have or are preparing bilateral agreements with countries like Switzerland, Sweden, Norway, Singapore or Japan.  

We are ready for the dawn of a new global carbon market! Building on the experience of 200 projects in 45 countries, we are developing new activities for the PACM (Paris Agreement Crediting Mechanism). We are supporting our clients in navigating through new market requirements and opportunities. Reach out to us, to learn about our work with Senegal, Thailand, Ghana, Malawi, Georgia, Tunisia, Morocco, Kenya, Peru, Chile and others!

For purposes like voluntary climate action or the CORSIA framework (Carbon Offsetting and Reduction Scheme for International Aviation) the Paris Agreement allows the use of so-called unilaterally authorised activities. Let’s discuss how we can best support you!

Our seasoned experts also provide guidance and support in developing the institutional, regulatory and other Article 6 readiness building blocks.

Why is it valuable to develop mitigation activities aligned with the Paris Agreement?

The global framework under the Paris Agreement makes sure that carbon accounting is consistent across countries and any claims made based on those reductions are reflected in the global accounts. The crediting under the Paris Agreement is limited by the difference between the national goals and by how much the countries over-achieved them, thus putting a strict limit on the total number of credits, ensuring their scarcity and thus value - making them the most robust carbon credit in history.  

The mechanism of Article 6 allows countries to collaboratively engage in quick and efficient reduction and removal of greenhouse gas emissions. These are some of the key benefits of investing in Paris-compliant mitigation activities:

  • Guidance by national and international frameworks and requirements for robust emission calculation
  • High accountability and low risk of double-counting due to governmental authorisation and corresponding adjustments to countries’ climate change mitigation targets (NDCs).
  • The emerging demand for Paris-aligned credits leads to a growing support for advanced approaches and technologies
  • Through Article 6, host countries receive support for mitigation measures that go beyond their climate strategies and support sustainable development.  
  • As a non-profit organisation, myclimate is guided by impact, not profit. We put specific focus on benefit sharing and activities with positive environmental and social benefits.

Are you looking for support in linking your activity to carbon markets and connecting to financing options?

Climate change mitigation activities under Article 6 need to fulfil certain basic criteria. Please consider the following key eligibility criteria

The mitigation activity …  

  • is new and will be implemented in a single country
  • holds strong potential for scaling
  • is aligned with the host country’s climate strategies and goes beyond the unconditional target
  • can make reference to existing CDM or Gold Standard methodologies for emission calculation
  • is additional and would not happen without the generated carbon income

Some of these are challenging to understand and address – so let us support you in finding out how your proposal matches with these requirements.

Our proven pioneering approaches

Here’s an excerpt of technologies and approaches which we have already been applying:

  • E-Mobility in Urban Public Transport
  • Alternate Wetting and Drying in Rice Production
  • Solar PV in off-grid locations (pumping & irrigation, solar home systems, charging systems)
  • Solar Water Heating  
  • Centralised Kitchens  
  • Electric Cooking  
  • Landfill Gas Management
  • Solar Microgrids
  • Organic Waste Management

Further interesting approaches include energy storage systems, wind energy, afforestation and reforestation, avoidance of nitrous oxide emissions in agriculture, and others - reach out to us to explore!

How does the development of mitigation activity for these markets work?

Paris-compliant mitigation activities follow an internationally harmonised process. The entire project lifecycle builds on close collaboration between stakeholders, partners and authorities of the host country.  

  • In an initial assessment, we apply the basic eligibility criteria and review the financial models.
  • A first concept note serves to share the activity with financial partners and to seek a confirmation from the national carbon market office.
  • Once a full proposal is developed, the activity is validated by a third party, approved by country authorities and can then move towards implementation.
  • During implementation, we monitor and report emissions, as the basis for external verification and followed by issuance of sale of the generated credits.

Do you have an idea for a project that meets the basic criteria above?

We would be happy to discuss your project idea with you and show you how we can support you. To get started, send us some initial information about your project, such as the technology, country, scale, project developer, stakeholders and, if applicable, financing needs. We will review your proposal and get back to you as soon as possible.

Send your project idea by email

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Why myclimate?

Not-for-profit:
A credible partner with more than 20 years of experience, focused solely on impact 
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Globally connected:
Projects in over 40 countries and contacts to project developers worldwide 
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Impact‑oriented:
Focus on measurable climate impact and sustainable development (SDGs)  
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Recognised standards:
Certified projects (e.g. Gold Standard, Plan Vivo, VCS, CSI, FOEN, SFOE) 
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Verification & monitoring:
Regular monitoring of project activities and external verification
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Proximity to projects:
Project ideas and partners are checked on site. Co-developers of high-quality climate protection projects. 
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Contact us!

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Pablo Kaloghlian

Team Leader Bilateral Cooperation

+49 7121 317775-0

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