The project that is summarised in this report had a twofold objective.

First, it aimed to conduct a detailed analysis of the provisions related to market mechanisms of the Paris Agreement (Article 6), and to identify issues that should be taken into account when elaborating the rulebook for the Paris Agreement.

Second, it switched the perspective from a global discussion towards country-specific research with an aim to answer the question whether different countries are ready for engaging with market mechanisms under the Paris Agreement. To answer this question, the focus was placed on three exemplary cases from countries that have traditionally collaborated with Germany on carbon markets – Ukraine, Vietnam and Ethiopia.