Centre for Climate and Energy Transformation (CET)

CET Lunch: The International Carbon Crediting Mechanism under the Paris Agreement

Welcome to our hybrid CET Lunch seminar with Arman Sarvarian guest researcher from the University of Surrey.

Image of Arman Sarvarian with cet lunch title:  the international carbon crediting mechanism under the paris agreement
Our CET Lunches are hybrid.

Main content

Our speaker will attend in person. Participants can sign up and tune in via stream, or turn up at CET where lunch will be served on a first-come, first-served basis.

Following the Meeting of the Parties in December 2023, the Supervisory Body for the planned carbon crediting mechanism under Article 6 of the Paris Agreement continues work on developing methodologies for carbon removals (‘carbon capture and storage’) and accreditation of national bodies to verify mitigation projects. Anticipating a decision to activate the mechanism at the next Meeting of the Parties in Baku, this article examines legal questions that have yet to arise with respect to the relationship between the mechanism and other carbon crediting markets for the nationally determined contributions of Contracting Parties. These include the CORSIA scheme for international aviation, the REDD+ scheme for forestry, national compliance markets and private-sector voluntary markets. The article also addresses the implications of the activation of the mechanism for the status of green investments in international investment law, including the definition of an ‘investment’ and the application of a market approach for the valuation of damages.

About the speaker

Arman Sarvarian is a reader in Public International Law at the University of Surrey and associate barrister at Albertson Solicitors.