Article 6 of the Paris Agreement aims to increase NDC ambition by mitigating emissions through voluntary cooperation among Parties. Such cooperation is pursued in three different ways: 1) decentralized cooperative approaches that involveInternationally transferable mitigation outcomes (ITMOs, described in Art. 6.2), 2) a centralized mechanism that generates emission reductions and contributes to sustainable development (Art. 6.4) and/or 3) non-market approaches … Continue reading The Long Road to a Common Understanding