Carbon trading: helping or hindering global climate action?

At the climate conference in Baku a year ago, the international community adopted new rules on the trade of Internationally Transferred Mitigation Outcomes (ITMOs) between countries. Some countries are hoping to attract investments, others are using ITMOs to achieve their nationally determined contributions. Taking the example of Switzerland, Alliance Sud and Fastenaktion question whether Article 6 of the Paris Agreement, which regulates ITMO trading, is really leading to more climate action.