UN Issues First Paris‑Agreement Credits From Myanmar Clean‑Cooking Project
The UN climate body has approved the first issuance of credits under the Paris Agreement’s Article 6.4, coming from a Myanmar clean‑cooking project that replaces traditional stoves; these credits can be used in Korea’s Emissions Trading System while the remaining credits support Myanmar’s NDC. This marks a move from design to real‑world issuance, with a pipeline of over 165 host‑country projects expected to follow, and credits issued under updated, conservative calculations that reduce the amount by about 40% compared with the older CDM to preserve environmental integrity; a 14‑day appeal period follows the issuance.