Article 6 Implementation
Partnership

With the adoption of Article 6.2, Parties have the option to authorise mitigation
outcomes certified by independent crediting programmes

Host government

Authorisation ofemission reductions/removals for use
under Article 6Government

Information sharing tosupport UNFCCC
reporting andaccounting bygovernments

AirlineCompany

Use by a government,airline or company
towards a use caseauthorised by thegovernment

VERs/VCUs
Project developer

Certification of emission reductions/removals
by crediting programmeYet the Article 6 rulebook is largely silent on how this should be implemented,and the responsibilities of governments and crediting programmes

Why does this matter?
⮚Risk that governments don’t feel comfortable working with crediting programmes due to lack of clarity
in approach, despite the potential benefits of doing so.

⮚

Risk of incorrect implementation of Article 6, and the potential of perverse impacts, such as errors inaccounting or use of credits.

⮚Risk that governments and crediting programmes pursue a multiplicity of approaches, adding
complexity and hindering the smooth operation of the market.

To address these challenges, the Government of Singapore, Gold Standard and Verralaunched plans at COP28 to develop a ‘playbook’ for crediting under Article 6
What are we doing?
⮚Developing a ‘standard’ or ‘playbook’ outlining howArticle 6 implementation can be managed smoothly
in cases where Parties authorise mitigation
outcomes certified by a crediting programme.

⮚Intended to:⮚Engaging with several interested host Parties ondevelopment of the playbook, with plans to consult
more widely with governments, crediting
programmes and other partners in the near future.

⮚ Provide a model that can be applied by Parties andcrediting programmes through theirframeworks/standards procedures to support
standardization of approaches globally⮚ Inform further Article 6 negotiations under theUNFCCC, by providing a practical reference point
for how Article 6 can be implemented.

There are several key areas where the ‘playbook’ will seek to translate the Article
6 rulebook into a practical approach that works for different involved Parties.

Roles of registries
Clarifying the respective roles ofnational registries and crediting
programme registries when
government(s) authorise
mitigation outcomes certified bya crediting programme.

ITMOs vs credits
Clarifying understanding of theconcepts of an ‘ITMO’ and a‘credit’, which matters forregistry responsibilities and how
and when Article 6 rules areapplied.

Unique identifiers
Outlining how ‘unique
identifiers’ and ‘serial numbers’interact and how to support
accurate accounting andtransparency

Communication
Outlining how and whenadministrators in national
governments and crediting
programmes need to communicate
to support accurate Article 6
implementation

Work to date on development of the ‘playbook’ has surfaced several more thorny
areas where the application of the Article 6 rulebook is challenging or not clear.
First international transfer: How to understand ‘first international transfer’ for ITMOs
represented by credits issued by a crediting programme.
Issuance: How to understand ‘issuance’: does this refer to issuance of ITMOs on a national
registry or issuance of credits on a programme registry? What makes most sense?

Unique identifiers: WHAT QUESTION?

Buffer reserves: Are corresponding adjustments required for credits transferred to buffer
reserves (e.g. to manage reversal risk)? What about if the trigger for CAs is use of ITMOs/Revocations: How to manage revocations of authorisations or non-application ofcorresponding adjustments, if the underlying credits have been used?

Next steps
Until June 2024
Development of ‘playbook’ andinformal consultations withgovernments, crediting
programmes and other partners

Bonn Intersessional:(TBC) Launch ofdraft playbook

June - November

Post-COP29

Further development andengagement to build
understanding of concepts andproposed model

Revision to draft ‘playbook’ toreflect any relevant outcomesfrom COP29. Implementation by
involved Parties and advocacytowards wider adoption

COP29
Engagement withinterested parties

ANY QUESTIONS?

Lead representatives:⮚ Gold Standard: Hugh.Salway@goldstandard.org⮚ Verra: Ahoward@verra.org⮚ National Climate Change Secretariat (Singapore): Gan_Rui_Yun@pmo.gov.sg