Gold Standard, with support from the Swiss Federal Office for the Environment (FOEN), is working to define principles and guidance for additionality and higher ambition in international carbon markets. The project is intended to support higher ambition under Article 6 of the Paris Agreement and to position buyers and host countries of Internationally Transferred Mitigation Outcomes (ITMOs) as partners in combating climate change. The project aims to develop a market based, internationally collaborative framework to support its initiatives. Gold Standard will also work with ministries in several countries where climate protection projects are expected to take place. This project is expected to yield best practices to set a higher bar for international
carbon markets and catalyse further high-impact finance flows.
