In the wake of COP28, we review the progress and outlook for Article 6 of the Paris Agreement based on the negotiations. Beginning with an overview of the antecedents leading to the Agreement, we focus on the relationship between Article 6 and voluntary carbon markets (VCM). The update extends to the prospects and progress at COP28, addressing contentious issues, the negotiation timeline, and summarizing the outcomes of the conference. We conclude with key takeaways and our expectations for the near future.
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