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Project development for Offset generation

Article 6

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Article 6 of the Paris Agreement establishes the framework for international cooperation on climate action, allowing countries to work together to meet their Nationally Determined Contributions (NDCs). It offers mechanisms for market and non-market approaches to enhance ambition and support global emissions reductions.

Process & Approach

Project Identification and Alignment with NDCs

Identify a project that aligns with both the host country’s Nationally Determined Contributions (NDCs) and global climate goals.

1

Partnership and Stakeholder Engagement

Build partnerships between countries, private sector actors, and local communities to ensure successful project development and execution.

2

Project Design and Methodology

Develop a comprehensive project plan that includes technical design, emissions reductions methodologies, and sustainable development goals.

3

Governance and Authorization

Secure necessary approvals and ensure compliance with regulatory requirements under Article 6.

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  • Obtain host country authorization for the project, ensuring it meets national criteria for participation in Article 6. This includes securing approval for generating ITMOs or Article 6.4 credits.

  • Set up corresponding adjustment mechanisms to avoid double-counting

4

Monitoring, Reporting, and Verification (MRV)

  • Design and implement a Monitoring, Reporting, and Verification (MRV) system that complies with the Article 6 rules for either ITMOs or Article 6.4 credits.

  • Work with accredited third-party verifiers to validate the emissions reductions.

 

Update sustainable development impact assessments periodically to ensure the project is meeting broader objectives.

5

Certification and Issuance of Carbon Credits (if applicable)

  • For Article 6.4 projects, submit verified emissions reductions to the UN supervisory body to obtain credits.

  • For Article 6.2 cooperative approaches, ensure that the ITMOs are properly issued and transferred between countries, with corresponding adjustments made in national inventories.

6

Elements

  • ITMOs (Article 6.2): Trading of emissions reductions between countries with robust accounting.

  • SDM (Article 6.4): A centralized carbon market under the UN’s supervision to reduce emissions globally.

  • NMA (Article 6.8): Non-market cooperation for climate action, focusing on policy, capacity building, and technology.

  • Accounting & Corresponding Adjustments: Ensuring transparency and preventing double counting of emissions reductions across all mechanisms.

GC's Value Proposition

01.

Global Expertise in Article 6

Our deep knowledge of Article 6 market mechanisms allows us to navigate complex international regulations, ensuring that your projects are compliant and profitable.

02.

International Market Leadership

We are at the forefront of developments in African and Asian carbon market, enabling your business to stay ahead of regulatory changes and seize market opportunities.

03.

End-to-End Project Support

From project design and registration to verification and credit sales, we provide comprehensive support at every stage of your offset generation projects.

04.

Tailored Solutions

We customize our approach to fit your specific sector and project type, ensuring that your carbon offset initiatives deliver maximum environmental and financial value.

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