Article 6 Needs Agencies, Not Just Agency
Host countries cannot exercise agency over Article 6 without the agencies to carry it out. The latest UNEP Copenhagen Climate Centre Article 6 Pipeline (20 October 2026) shows the institutional gap is now the binding constraint on the market.
In a Carbon Pulse comment, Wesley Ramnauth of the Global Green Growth Institute (GGGI) argues that host countries need national Article 6 strategies. These would set objectives, eligibility rules and transfer limits, so that authorisation decisions are predictable rather than ad hoc. He holds up Kenya's new guide for strategic engagement in carbon markets, launched on 5 October 2026 with GGGI support, as the model.
We agree that strategy matters. But the comment argues for more host-country agency, meaning strategic control. It does not mention designated national authorities, Article 6 units, staffing or capacity building. Its only market statistic is the World Bank's April 2026 count of 108 bilateral agreements and four projects with traded ITMOs. A strategy is only as good as the institution that applies it.
The UNEP data makes the case the comment leaves out. Of 155 developing-country Parties:...
Order the report below >>
