However, considerable progress has been made in Madrid on technical issues. It is also positive to note that, on the last day of the conference, a group of countries led by Costa Rica and Switzerland launched the “San José Declaration”, which established quality standards for the integrity of transactions in accordance with Article 6 and quickly received support from 31 countries. It remains to be seen whether the principles agreed in the declaration can mark negotiations on the Article 6 regulatory framework and help overcome the political differences that prevail in abundance. The ongoing negotiations will be critical to the future role of market mechanisms and will also largely determine how the parties can cooperate in the implementation of their national contributions (CNN). To this controversial and potentially ambiguous language is added to Article 6.5 that the possible emission reductions resulting from the new CO2 emissions trading mechanism are the most important with regard to Article 6.4: the question of whether the appropriations created under the CDM are transferred via the SDM, how to ensure that the mechanism allows for a “total reduction in global emissions” , and how to ensure that a credit is charged solely on a country`s national objective (i.e. avoid “double counting”). 6. Parties to developing countries are assisted in the implementation of this article, including strengthening cooperation in technological development and technology transfer at different stages of the technology cycle, in order to achieve a balance between aid for reduction and adaptation. The article 14 global inventory takes into account available information on efforts to support technological development and technology transfer for contracting parties in developing countries. The precise approach to avoiding the use of emissions reductions by more than one country is one area of significant divergence. It is closely linked to the idea of double counting within the meaning of Article 6.2, with both questions being asked about what is considered “internal” and “outside” the scope of a country`s PNNMs, with some commitments covering only part of the economy.

There are strong differences of opinion on how OMGE should be guaranteed in practice. 19. All parties should endeavour to formulate and communicate long-term strategies for the development of greenhouse gas emissions, taking into account Article 2, taking into account their common but differentiated responsibilities and respective capabilities, taking into account different national situations. The Paris Agreement offers contracting parties the opportunity to cooperate in the implementation of their national contributions (NDC). Cooperation mechanisms to support this process should not only facilitate the achievement of existing reduction targets, but also strengthen ambitions in future efforts and promote sustainable development. The cooperation mechanisms set out in Article 6 of the Paris Agreement provide the legal framework for the use of market-based mechanisms to mitigate climate change.