Four Ways Development Agencies Can Advance Carbon Markets NORTHAMPTON, MA | ACCESSWIRE | September 28, 2022 | Tetra Tech: Tetra Tech''s Rodrigo Chaparro, senior climate advisor, looks at how international development agencies can advance carbon markets. This is the third in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. With the 2022 United Nations Climate Change Conference (COP27) fast approaching, attention is on individual countries who are expected to show how they will, "through legislation, policies and programs, and throughout all jurisdictions and sectors," begin to implement the Paris Agreement. The new market-based instruments approved by Article 6 encourage international carbon trading, long seen as the likeliest way to incentivize global climate action. The International Emissions Trading Association estimates that Article 6 could reduce the total cost of implementing Nationally Determined Contributions (NDCs) by more than half and facilitate removing 50 percent more emissions at no additional cost.