Carbon Markets Advisory
Article 6 of the Paris Agreement enables international cooperation to tackle climate change and to unlock financial support for developing countries, through the carbon market system. This system allows countries, companies, or other entities to buy and sell carbon credits representing carbon dioxide (CO₂) emissions reductions. It allows companies to compensate for some of their greenhouse gas emissions by funding projects that reduce emissions elsewhere.
There are three components to Article 6:
- Article 6.2: Provides accounting and reporting guidance for countries under the Paris Agreement to use internationally transferred mitigation outcomes (carbon credits) towards their nationally determined contributions (NDCs).
- Article 6.4: Establishes a UNFCCC mechanism which can be used to trade high-quality carbon credits.
- Article 6.8: Provides opportunities for non-market-based cooperation for enhancing climate action.
Projects that generate carbon credits fall into two categories:
- Removal projects such as tree planting, that actively absorb CO₂.
- Avoidance projects such as renewable energy, clean cooking, and waste management projects, which prevent emissions.
Sadly, there are several issues facing the voluntary carbon markets industry today, including general lack of awareness in this space, integrity concerns, uneven benefit-sharing with local communities, limited transparency in payments and commitments, and weak social and environmental safeguards.
At fhionQ, we believe that when designed and implemented well, carbon projects can channel climate finance to developing countries and drive economic development.
Our main goal is to promote transparency and integrity by ensuring that all stakeholders are meaningfully engaged, fairly treated, and fully informed throughout the project lifecycle.
We work with:
- Communities to ensure they understand the science of climate change and how the carbon market system works, and to support meaningful participation and fair benefit-sharing. (We do this in partnership with Jaya Karbon Kounsel.)
- Project developers to design and implement high-integrity carbon projects that support the country’s Sustainable Development Goals (SDGs) and meet the ICVCM Core Carbon Principles (CCPs), while embedding strong social safeguards, community engagement, and transparent governance.
- County governments to align carbon projects with local development priorities, policy frameworks, and regulatory requirements while strengthening oversight and coordination.
- Investors to assess social and reputational risks, ensure responsible capital deployment, and build confidence in the long-term credibility of carbon projects.
We also act as project developers, collaborating with communities to co-develop carbon projects that reflect local priorities, knowledge, and development needs. This collaborative approach ensures community ownership, strengthens social safeguards, supports equitable benefit-sharing, and results in projects that are both high-integrity and locally grounded.
With extensive knowledge of the carbon market standards (i.e Verra, Puro, and Gold) and their respective methodologies, and with communities at the center of the work we do, we aim to play an integral role in promoting integrity, transparency, and accountability in carbon projects.
If you are looking to engage in high-integrity carbon projects, get in touch to explore how we can support transparent, inclusive, and credible carbon initiatives that deliver real climate and development impact.