Non-market approaches at the crossroads: Expectations for the Bonn Climate Conference
In June 2026, the next climate meeting (SB64) will take place in Bonn, where discussions on Article 6.8 of the Paris Agreement and Non-Market Approaches (NMAs) will enter a decisive phase.
- Climate Action
- Markets
Non-market approaches at the crossroads: Expectations for the Bonn Climate Conference
In June 2026, the next climate meeting (SB64) will take place in Bonn, where discussions on Article 6.8 of the Paris Agreement and Non-Market Approaches (NMAs) will enter a decisive phase.
This year marks the formal review of the Article 6.8 Work Programme, making SB64 a critical moment to assess whether NMAs are delivering on their promise or risk becoming an underdeveloped pillar of the Paris Agreement architecture.
Article 6.8 was conceived to promote cooperative climate action, emphasizing an approach that integrates mitigation, adaptation, finance, technology transfer, and capacity-building. It offers a framework for more holistic, equitable, and development-oriented climate cooperation to bring about systemic and lasting change. However, in practice, NMAs have struggled to gain traction, with many state actors preferring to emphasize transactional market-based approaches to address climate change. Many parties still claim to lack clarity on what constitutes an NMA and how they connect to national climate strategies.
Against this backdrop, SB64 represents an opportunity to review lessons learned during the first phase of the work programme and provide both conceptual and operational clarity.