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As the year comes to a close and with new Article 6 decisions adopted at COP27, we would like to share our latest updates and resources from our work to support the implementation of Article 6 and to enable Gold Standard users and partners to move early in its adoption.
This edition includes a thought leadership article on the Article 6 ‘Mitigation Contribution' which reflects on the decisions made at COP27, the recording of the latest webinar from the Article 6 Series, two new Request for Proposals, and other updates that you may have missed in recent communications.
If you have any feedback or would like to speak with Gold Standard directly about Article 6 activities, please email article6@goldstandard.org
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THOUGHT LEADERSHIP
Article 6 Mitigation Contribution: key understandings and what it means for the VCM
“What should we make of the ‘mitigation contribution’ concept that was adopted in the Article 6 Decision, and what does this mean for the voluntary carbon market?”. This is the question we have been most frequently asked, related to the outcomes of COP27 for carbon markets, and so we wanted to share our take on this.
Highlighting three important elements of the ‘Mitigation Contribution’ of Article 6.4, and covering the possible implications of these on market actors, this article aims to bring some clarity and understanding to this concept.
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REQUEST FOR PROPOSALS
Bilateral Support for Nationally Determined Contributions Implementation and Climate Governance in the Pacific Alliance
CLOSING DATE
Friday 23 December 2022
18:00 CET
Gold Standard is seeking an implementing partner(s) to deliver work to support governments in the Pacific Alliance on matters related to emissions inventories. Gold Standard is procuring two pieces of work:
If you wish to submit proposals for both activities, please contact Gold Standard in advance hannah.betts@goldstandard.org at least 5 days prior to the submission deadline.
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WEBINAR SERIES
Article 6 webinar series
In late November, we held the final Article 6 webinar for 2022. With an overwhelming number of attendees, great interactions and feedback, we are pleased to share that will be continuing the webinar series in 2023. We will share more information in the coming weeks, but in the meantime, should you have any general recommendations or suggested topics, please email them to article6@goldstandard.org.
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WEBINAR RECORDING
COP27: What happened on Article 6 and carbon markets, and (why) does it matter?
RECORDED
Thursday 24 November 2022
Our Head of Market, Hugh Salway, was joined by a panel of carbon market experts to reflect on the decisions taken (and not taken) on Article 6 during COP27, plus the related initiatives that were announced and developments that took place outside of the negotiation rooms.
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ANALYSIS
Paper: Carbon Credit Rights and the Paris Agreement
Gold Standard has published a new report prepared in collaboration with EY Law, exploring how the transition to the Paris Agreement and the adoption of Article 6 guidance may affect different rights related to carbon credits. The development of this report was supported by the Swedish Energy Agency.
It is clear that the carbon market is now operating in a new context under the Paris Agreement and that governments may begin to take renewed interest in the activities taking place within their borders. What is not yet clear is what exactly this means for carbon market actors, and whether actions by governments will work to harness investment or to hinder it.
 In this paper, Gold Standard and EY Law look at this question, exploring how the new context under the Paris Agreement, with the adoption of an Article 6 rulebook and the implementation of Nationally Determined Contributions (NDCs) in most countries, might shape the way governments engage with the carbon market, and what this could mean for the private sector.
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TECHNICAL SUPPORT
New Guidance Document on Registry Functionality
Gold Standard has introduced new functionality into its Impact Registry, which will enable its carbon credits to be labelled as authorised and correspondingly adjusted under Article 6. This is an important milestone, which will enable project developers, buyers and other users to distinguish Article 6-authorised credits in the registry, as well as underpinning the transparent and robust implementation of Article 6.
We have published a guidance document for account holders and viewers of the Gold Standard Impact Registry, to provide more information on the use of this Article 6 functionality.
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Acknowledgements
The technical support, capacity-building and knowledge sharing platform, and the Article 6 webinar series outlined in this communication are made possible thanks to funding from the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
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