First UN Article 6.4 Carbon Credits Face
Scrutiny Over Myanmar Project
¨ The first carbon credits
issued under Article 6.4 of the United Nations Paris Agreement have come under
scrutiny over alleged links to Myanmar’s military junta and questions regarding
climate impact data.
¨
The project involves the
distribution of improved cookstoves in Myanmar to reduce fuel consumption and
greenhouse gas emissions.
¨
The project was coordinated
by the Climate Change Center in partnership with Myanmar’s Ministry of Natural
Resources and Environmental Conservation.
¨
Article 6.4 of the Paris
Agreement establishes a UN-supervised carbon market mechanism for trading
emission reductions.
¨
The mechanism is
administered by the Article 6.4 Supervisory Body under the United Nations
Framework Convention on Climate Change.
¨
In February 2026,
Myanmar’s cookstove project became the first project in the world to issue
carbon credits under Article 6.4.
¨
The Supervisory Body
approved approximately 60,000 carbon credits for the project.
¨
The project is linked to
Myanmar’s Ministry of Natural Resources and Environmental Conservation, which
has been under military rule since February 2021.
¨
A portion of the carbon
credits has been authorized for transfer to South Korea.
¨
South Korea can use these
credits within its Emissions Trading System (ETS) and count them toward its
Nationally Determined Contributions (NDCs).
¨
The remaining credits
contribute to Myanmar’s Nationally Determined Contributions (NDCs).
¨ Under Article 6.4, carbon credits represent verified emission reductions or removals that can be transferred between countries or used to meet domestic climate targets
¨ The mechanism is intended to support international cooperation in achieving global climate goals while ensuring transparency and environmental integrity in carbon markets.
