Article 6 Updates: April 2026

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Article 6 Planning

Malaysia launched its National Carbon Market Policy (DPKK/NCMP), establishing national arrangements for voluntary and compliance carbon markets and setting out Malaysia’s approach to international carbon markets under Article 6. As part of this detail was also released on where certain groups of activities lie on Malaysia’s National Marginal Abatement Cost Curve, identifying that higher-cost and hard-to-abate measures are the most suitable for Malaysia’s Article 6 cooperation.

Vietnam issued Decree No. 112/2026/ND-CP on the international transfer of greenhouse gas mitigation outcomes and carbon credits. The decree establishes rules for authorisation, corresponding adjustments, national oversight, and transfer limits, including maximum transfer ratios for mitigation outcomes and carbon credits. New, high-cost technologies are eligible for a transfer ratio of up to 90%, whereas activities that have already been deployed in Vietnam but require additional financial and technological support are only eligible to transfer up to 50%.

Article 6.2- Cooperative Approaches

Japan, Switzerland & the Maldives submitted their Annual Information Reports.

Singapore and the Philippines signed a joint Article 6.2 Implementation Agreement during ASEAN Climate Week in Manila, marking the Philippines’ first such implementation agreement. 

Pakistan and Norway signed a bilateral Article 6 cooperation agreement, creating the framework for trade in credits generated from emissions reductions projects in Pakistan in sectors such as clean energy, agriculture, transport and waste.  

India and South Korea issued a Memorandum of Cooperation under Article 6.2, focused,in particular, on renewable energy and low-carbon technologies.  

South Korea and Bolivia signed an Memorandum of Understanding for cooperation on greenhouse gas reduction initiatives under Article 6, beginning with a landfill gas project at the San Miguel landfill site.

Kazakhstan has reportedly signed a related Article 6.2 Memorandum of Understanding targeting more than 1.2 million tonnes of CO₂ removals from forestry. 

Switzerland and Chile authorised the world’s first Battery Energy Storage System activity for NDC use under Article 6.2. Switzerland and Chile also authorised Zeroca’s “Chile Electric Mobility” activity under Article 6.2, aimed at accelerating electric vehicle deployment and associated charging infrastructure outside Santiago’s metropolitan public bus network.  

Ghana and Switzerland authorised BURN’s electric cooking activity under Article 6.2, enabling the distribution of 100,000 IoT-enabled electric induction cookers to low-income households in Ghana.

Thailand and Switzerland approved new ITMO transfers and issuances from the Bangkok E-Bus Programme on 2 April 2026. The KliK Foundation reported issuance of 49,717 ITMOs from the deployment of more than 2,000 electric buses by Energy Absolute between January 2023 and December 2024.  

For overview of all the Swiss cooperative approaches already authorised and links to evaluations, analysis and media coverage about these projects, the Swiss NGO Alliance Sud has shared this spreadsheet. 

Article 6.4- PACM

The Methodological Expert Panel (MEP) held its 13th meeting April 13th-17th 2026 in Bonn (webcast accessible here). During the session, the MEP advanced several methodological workstreams under the PACM, including related to cookstoves, reversal risk, and removals.  

A call for public input was launched on the draft mechanism methodology for energy efficiency measures in household cooking, opened on 24 April and runs until 15 May 2026, with inputs to be considered by the MEP at its next meeting from 22–26 June 2026.  

The MEP recommended several items for Supervisory Body consideration, including:

• Draft methodological tool: Analysis of lock-in risk;
• Draft standard: Demonstration of additionality in mechanism methodologies;
• Draft methodological tool: Fraction of non-renewable biomass;
• Draft mechanism methodology: N₂O abatement from nitric acid production.  

The Article 6.4 Supervisory Body is scheduled to hold its 21st meeting from 18–21 May 2026. The provisional agenda is accessible here. 

The Accreditation Expert Panel (AEP) held its 7th meeting virtually from 28–29 April 2026 to review accreditation-related matters for Designated Operational Entities under the PACM (webcast available here). 

The second Global Article 6.4 DNA Forum took place during Climate Week 3 in Yeosu, South Korea, bringing together Article 6.4 Designated National Authorities and UN Climate Change National Focal Points to discuss host Party approvals, CDM transition, registry and reporting requirements, and implementation readiness. Climate Week 3 in Yeosu also featured several Article 6.4-related events, including “The PACM Global Value Proposition and CDM Transition – Now or Never?”, REDiCAP discussions on integrating Article 6.4 into national carbon pricing systems, and the Article 6.4 Strategic Market Dialogue on buyer-seller engagement and high-integrity cooperation.  

Article 6 Analysis 

Carbon Market Watch released a report reviewing the Article 6.2’s technical report process. They found that all information submitted to date as part of this Technical Expert Review Team (TERT) process has been inconsistent with current requirements, leaving room for significant improvements in the future. Recommendations include: 1) extending the mandate of the reviewers to allow assessment of not only compliance with reporting requirements, but also the quality of cooperative approaches and any underlying credits; 2) Ensuring that no credits are traded until the TERT process has been finalised; 3) Making the additional information that is submitted by countries during the review process public; 4) Clearly identifying and publicly flagging inconsistencies in the Agreed Electronic Format (AEF) and centralised accounting and reporting platform (CARP); and 5) banning trade in credits from a cooperative approach that has been identified as having inconsistencies.

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