Achieving a Just Transition through Article 6
Production Date
Video Length
00:47:51
Asset Language
Broadcasting UN Entity
Summary
COP27 - Achieving a Just Transition through Article 6
Description
The Paris Agreement established a global carbon market (under Article 6) in which (developing) countries may sell certified emission reductions to (industrialized) countries. In theory, the idea should increase green investment in (developing) countries and contribute to sustainable development. However, evidence from the Clean Developing Mechanism (CDM) show that few countries in need benefited. How should a global market be designed to truly contribute to development and a Just Transition?