Carbon markets have the potential to facilitate more ambitious climate action through cost-savings and targeted channeling of financial resources. However, countries are lacking the technical capacities to easily assess how Article 6 can be aligned with a broad set of goals.

The CBIT-GSP is global project, funded by the Global Environment Facility (GEF), executed by UNEP and implemented by the UNEP Copenhagen Climate Centre. CBIT-GSP is a continuation and merging of two prior global progammes, the CBIT Global Coordination Platform and the Global Support Programme. The Paris Agreement established the Enhanced Transparency Framework (ETF), which introduces more comprehensive and stringent transparency requirements, which present a significant challenge for most developing countries.