Navigating Article 6 of the Paris Agreement
Challenges and Opportunities for South Africa with The Carbon Offset Administration Systems (COAS), Avoidance Credits and Nature-Based Solutions
As global leaders convened for the Sixth Session of the Conference of the Parties (COP) in Baku, the focus on Article 6 of the Paris Agreement renewed interest in international carbon markets and cooperation mechanisms.
Article 6 offers a pathway for countries to work together to meet their climate goals through both market and non-market mechanisms.
For South Africa, Article 6 presents significant opportunities to enhance its climate strategy, especially through avoidance credits and nature-based solutions (NBS). However, South Africa’s Climate Offset Administration System (COAS) currently limits companies’ ability to fully leverage these options for carbon tax offsets, posing both challenges and opportunities for future development.
