Article 6 provides for “cooperative approaches” enabling countries to work together to take ambitious mitigation and adaptation actions while promoting sustainable development and ensuring environmental integrity. Largely this has been discussed as market (article 6.2 and 6.4) and non-market (article 6.8) approaches.
Article 6.2 includes the usage of internationally transferred mitigation outcomes (ITMOs), likely in a global carbon market, to meet NDCs while Article 6.4 creates a “Sustainable Development Mechanism” (often seen as a successor to the Kyoto Protocol’s Clean Development Mechanism (CDM)), which can enable mitigation projects that generate credits.
Article 6.8 recognizes the importance of non-market approaches that enable Parties to work together to meet the goals of the Paris Agreement.