NDCs 3.0 postponed: What does this mean for Article 6?
Less than 10% of countries submitted their updated NDCs before the deadline was postponed to September, creating uncertainty on climate ambition and participation in Article 6.
Without clarity on countries' post-2030 climate targets future supply and demand trends are unpredictable with an increased risk of countries overselling.
Ratings can help navigate market uncertainty by identifying and assessing the risks underlying the projects.
Contents
Introduction
Back to basics
NDC ambition delayed
What are the implications for the Article 6 market?
Conclusion