What Does the COP26 Outcome on Article 6 Mean for non-Party Stakeholders?

Article 6 of the Paris Agreement established a framework for countries to trade mitigation outcomes to achieve their Nationally Determined Contributions (NDCs), using market mechanisms to incentivize cost effective reductions or removals of greenhouse gas emissions. Importantly, as a result of COP26 in Glasgow, countries can now authorize the use of emissions reductions in the voluntary carbon market. This fact sheet explains that COP26 outcome and addresses commonly asked questions.