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IETA, PDF, And WCS Call On COP31 Delegates To Address Article 6.4 Bottlenecks

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IETA, PDF, And WCS Call On COP31 Delegates To Address Article 6.4 Bottlenecks

IETA, PDF, And WCS Call On COP31 Delegates To Address Article 6.4 Bottlenecks

IETA, the Project Developer Forum, and the WCS have issued an open letter to Parties attending CMA.8 (COP31) in Antalya, urging clear guidance to reform the Paris Agreement Crediting Mechanism (PACM) under Article 6.4.

The signatories warn that despite regulatory progress by the Article 6.4 Supervisory Body, slow methodology development, complex conservative baselines, and high uncertainty requirements threaten the mechanism’s uptake and long-term financial viability.

The letter details five priority interventions for the CMA: conducting an official impact assessment of standards, revising downward adjustment rules, facilitating broad participation for capacity-constrained nations, refining reversal risk frameworks, and reforming mechanism governance.

A coalition comprising the International Emissions Trading Association (IETA), the Project Developer Forum (PDF), and the Wildlife Conservation Society (WCS) has published an open letter to Parties attending CMA.8 at COP31 in Antalya.

The letter calls on delegates to issue formal guidance to the Article 6.4 Supervisory Body (SBM) to address slow project implementation, regulatory friction, and looming financial constraints within the Paris Agreement Crediting Mechanism (PACM).

While acknowledging regulatory progress made by the Supervisory Body, the coalition highlighted that methodology development remains a critical bottleneck.

This delay threatens the financial sustainability of the mechanism, which relies on credit issuance fees for self-funding and faces depleting reserve resources transferred from the Clean Development Mechanism (CDM) Trust Fund.

To prevent PACM from remaining a marginal contributor to global mitigation targets, the coalition outlined five strategic recommendations for Parties to adopt at COP31:


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