Article 6 carbon markets are moving from policy framework to real-world infrastructure — and Africa is increasingly at the centre of that shift.
Ghana is emerging as one of the clearest examples of what a functioning Article 6 market can look like, with 12.7 MtCO₂e of ITMOs now authorised through 2030, a pipeline of 91 projects and the country’s first authorised carbon-credit broker.
At the same time, Japan and India have taken another important step forward with the adoption of their Article 6.2 Joint Crediting Mechanism rules, opening a new channel for international capital and technology to support projects across some of India’s most important decarbonisation sectors.
What’s particularly interesting is that we’re now seeing the architecture of international carbon markets being built in practice — bilateral agreements, national registries, authorised projects, validation and verification frameworks, and increasingly, financial intermediaries.
There are clearly still challenges around quality, concentration risk, additionality and the final rules governing international transfers. But the direction of travel is becoming increasingly clear.
Article 6 is moving beyond being a negotiating framework. It is becoming a market.
A really interesting look at where Ghana, India and Japan are heading — and what this could mean for developers, investors and buyers of international carbon assets. All good news for Global ITMO. You can read more on this here.
