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First Carbon Credits Under the Paris Agreement
June 14 , 2026
15 hrs 0 min
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- The United Nations has issued the first-ever carbon credits under Article 6.4 of the Paris Agreement for a clean-cooking project in Myanmar.
- A carbon credit is a tradable certificate representing the reduction, avoidance, or removal of one metric tonne of carbon dioxide (CO₂) or its equivalent greenhouse gases.
- The project in Myanmar distributes clean-cooking stoves that replace traditional wood-fired stoves, reducing emissions and deforestation.
- The project involves Myanmar (host country) and the Republic of Korea (South Korea), with oversight by the Article 6.4 Supervisory Body.
- A portion of the credits will be transferred to South Korea for its emissions trading obligations, while the remaining credits support Myanmar’s Nationally Determined Contributions (NDCs).
- The mechanism aims to promote high-integrity carbon markets, international climate finance, and sustainable development benefits such as improved health and environmental protection.
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