A joint Article 6 Body: Why oversight matters for all Paris market approaches

Thie article argues for the benefits of establishing a joint Article 6 body (the Article 6 Body). The basic rationale is that a joint Article 6 Body would allow harnessing linkages between all market-based approaches of the Paris Agreement, ensure balance between them and present a solution to the still open question of oversight arrangements for the cooperative approaches. It can do so without blurring the line between the two concepts or taking away the prerogative of Parties to design their own cooperative approaches – which is one of the key innovations of the Paris Agreement.