At COP28 in Dubai, disagreements hindered decisions on Paris Agreement’s Article 6.2 and 6.4, disappointing carbon market advocates. Despite this, Article 6.2 remains operational without additional CMA guidance, as the voluntary carbon market progress will complement both Article 6 and national compliance systems. Several countries’ engagements show momentum, with new deals and projects underway. While delays in Article 6.4 are regrettable, efforts on market integrity are progressing, supported by initiatives like the IC-VCM’s Core Carbon Principles and a collaboration on integrity. Early movers must showcase progress in the next 12-24 months to scale up carbon markets, crucial to meet Paris Agreement goals! IETA stands committed to supporting high integrity crediting programs, emphasizing the urgency to elevate carbon markets now, not later! For more information, click here!