Consider the following statements : Statement I: Article 6 of the Paris Agreement on climate change is frequently discussed in global discussions on sustainable development and climate change. Statement II: Article 6 of the Paris Agreement on climate change sets out the principles of carbon markets. Statement III : Article 6 of the Paris Agreement on climate change intends to promote inter-country non-market strategies to reach their climate targets. Which one of the following is correct in respect of the above statements?
Explanation:
Statement I: Article 6 of the Paris Agreement is indeed one of the most complex and frequently discussed articles, as it deals with international cooperation mechanisms, including market and non-market approaches, to help countries achieve their climate targets (NDCs). This statement is correct. Statement II: Article 6.2 (cooperative approaches) and Article 6.4 (a new mechanism to contribute to mitigation and sustainable development) of the Paris Agreement provide the framework and principles for international carbon markets. This statement is correct. Statement III: Article 6.8 of the Paris Agreement explicitly addresses 'non-market approaches' to facilitate the implementation of NDCs and promote sustainable development. These are indeed inter-country strategies that do not involve carbon trading. This statement is correct. Explanation: All three statements are correct. Statements II and III describe the core components of Article 6 (carbon markets and non-market strategies). The fact that Article 6 encompasses these diverse and often contentious mechanisms is precisely why it is a subject of frequent and intense discussion in global climate and sustainable development forums, thereby explaining Statement I.