So, Article 6 is often referred to as
the carbon market provision of the Paris Agreement
that again enables countries to transfer mitigation efforts,
mitigation outcomes, across national borders.
Why is this important?
It is important because some countries in the world have vastly greater mitigation opportunities
and often at much lower cost than some other countries.
Changing practices, avoiding deforestation,
there's so many things that can be done with relatively little investment
to dramatically reduce emissions.
You could get a lot more mitigation,
which is one of the big objectives, one of the big pillars,
of the Paris Agreement,
in the near term at much less cost than if you have every country
only focus on their domestic mitigation opportunities.