Market Making for the Planet: The Paris Agreement Article 6 Decisions and Transnational Carbon Markets
地球のためのマーケットメイキング：パリ協定第6条の決定と国境を越えた炭素市場 (AI 翻訳)
Stephen Minas
🤖 gxceed AI 要約
日本語
本論文は、パリ協定第6条における市場メカニズムのルールを分析し、国境を越えた炭素市場のガバナンスにおける意義を考察する。グラスゴーとシャルム・エル・シェイクでの合意を基に、市場を野心と環境一体性の規範的枠組みに位置づける可能性を論じるが、その実現は多様な主体の相互作用に依存すると指摘する。
English
This paper analyzes the Article 6 rules of the Paris Agreement for carbon markets and their significance for transnational carbon market governance. It argues that the rules can anchor carbon markets in a normative framework of enhanced mitigation ambition and environmental integrity, but realizing this depends on recursive interactions among multiple actors under and beyond the UNFCCC. The theory of transnational legal orders is applied.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本は国際的な炭素市場の活用に慎重だが、パリ協定6条は排出量取引の枠組みを提供する。本論文は市場の規範的基盤を議論しており、日本のカーボンプライシング政策やJCMの位置づけを考える上で示唆を与える。
In the global GX context
The paper examines the governance architecture of international carbon markets under Article 6, a key but contentious area of the Paris Rulebook. It offers a theoretical lens (transnational legal orders) to understand how norms and rules interact, relevant to global carbon market design and environmental integrity debates.
👥 読者別の含意
🔬研究者:The application of transnational legal orders theory to Article 6 provides a novel framework for analyzing norm evolution in carbon markets.
🏢実務担当者:Carbon market participants can gain insight into the legal and normative context shaping future credit trading.
🏛政策担当者:Article 6 implementation requires attention to recursive interactions among UNFCCC and non-UNFCCC actors to ensure environmental integrity.
📄 Abstract（原文）
The inclusion of market approaches to inter-Party cooperation in Article 6 of the Paris Agreement was controversial among Parties. The Article 6 rules, which were among the last elements of the Paris rulebook to be agreed at the 2021 Glasgow conference, were keenly contested among Parties. This article analyses the significance of Article 6 and the related decisions from the Glasgow and Sharm el-Sheikh conferences for the governance of transnational carbon markets. It argues that these rules have the potential to anchor carbon markets in a normative framework of enhanced mitigation ambition and environmental integrity. However, realising this potential will depend on the recursive interactions of multiple actors and sites of norm production within and beyond UNFCCC processes. The theory of transnational legal orders (TLOs) is applied to the analysis of this situation. TLO theory also suggests key factors that will determine the salience of Article 6 to carbon markets.
🔗 Provenance — このレコードを発見したソース
- SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4362780first seen 2026-07-24 05:11:52
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