Benefits of Article 6.2 Cooperation

• Cost-Effectiveness: Countries can achieve their NDC targets at a lower cost by leveraging mitigation opportunities in other regions.
• Technology Transfer: Promotes the exchange of technologies and expertise between countries.
• Enhanced Ambition: Encourages countries to go beyond their current commitments by providing access to additional mitigation opportunities.

Implementation Requirements

Countries participating in Article 6.2 cooperative approaches must:

1. Establish Governance Structures: Create frameworks to oversee ITMO transactions.
2. Ensure Transparency: Report on ITMO use through biennial transparency reports submitted to the UNFCCC.
3. Apply Corresponding Adjustments: Ensure emissions reductions are accurately accounted for in national inventories to avoid double counting.
4. Demonstrate Contribution to NDCs: Clearly link ITMO transactions to the achievement of national climate targets.

Rwanda’s Approach to Article 6.2

Rwanda has embraced Article 6.2 as part of its strategy to achieve ambitious climate targets while advancing sustainable development. Through cooperative approaches, Rwanda seeks to:

• Attract investments in renewable energy, sustainable agriculture, and forestry projects.
• Ensure robust governance frameworks for ITMO participation.
• Leverage the benefits of international cooperation to enhance climate action at the national level.

Internationally Transferred Mitigation Outcomes (ITMOs)

• ITMOs represent emission reductions or removals that are quantified in metric tons of CO₂ equivalent (CO₂e).
• They are traded between countries to support NDC implementation, allowing one country to achieve its targets by purchasing emission reductions generated in another country.

Environmental Integrity and Transparency

• Transactions under Article 6.2 are governed by rigorous transparency frameworks to ensure accountability and the environmental integrity of mitigation outcomes.
• Countries must apply robust accounting methods to prevent double counting of emission reductions across national inventories.

Flexibility for Cooperation

• Article 6.2 allows for bilateral or multilateral cooperation between countries, enabling them to tailor agreements to their specific needs.
• These cooperative approaches encourage innovation and cost-effectiveness in achieving emission reduction targets.

Linkage to Sustainable Development

• While primarily focused on emissions trading, Article 6.2 also emphasizes the need for projects and activities to align with sustainable development goals (SDGs).
• Participating countries are encouraged to report on how ITMO activities contribute to social, economic, and environmental objectives.