The UN has approved the first credits to be issued under the UN carbon market established by the Paris Agreement.

UN Climate Change Executive Secretary Simon Stiell said: “The first credits to be issued through the UN carbon market under the Paris Agreement come from a clean‑cooking project, and they show how this mechanism can support solutions that make a big difference in people’s daily lives, as well as channelling finance to where it delivers real-life benefits on the ground.”

The approved activity is a clean‑cooking project in Myanmar, which distributes efficient cookstoves that reduce harmful household air pollution and lessen pressure on local forests.

The project previously received a provisional issuance under the Clean Development Mechanism (CDM). Under the Paris Agreement Crediting Mechanism, updated values and more conservative calculations are applied, recognising earlier investments while ensuring credited reductions reflect the latest available science and information.

These adjustments result in credited reductions that are roughly 40 per cent lower than under the CDM, ensuring the issued credits more closely reflect real‑world impact in the current context.

This sets the foundation for the mechanism’s broader role in supporting mitigation activities that deliver tangible community benefits.

This first issuance also responds to strong private‑sector demand for seeing the UN’s Paris‑aligned carbon market shift from design into real‑world operation.

There is a growing pipeline of more than 165 host‑party‑approved projects transitioning from the Clean Development Mechanism into the new Paris Agreement Crediting Mechanism (also known as Article 6.4). These activities span sectors such as waste management, energy, industry, agriculture and more, signalling that a wide range of real‑world climate projects across multiple regions are due to follow.

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