CCC Project Becomes World’s First to Receive UN Carbon Credit Approval Under Paris Agreement
본문
A project led by the Climate Change Center since 2019 has reached a historic milestone: the world’s first approval for UN carbon credits under the Paris Agreement. The UNFCCC approved the Myanmar Improved Cookstove Project as the first-ever issuance under the Article 6.4 mechanism. Following a provisional approval last month and a subsequent 14-day appeal period, the project is now moving forward under the UN process.
First to Meet Strengthened Standards
Among over 165 projects worldwide awaiting UN approval, this project—led by CCC with the participation of 12 Korean companies—was the first to be issued.
Notably, it is the first case to meet the strengthened standards of the new mechanism, which applies more conservative methodologies by setting emission reductions approximately 40% lower than the previous CDM approach. UNFCCC emphasized that strong environmental safeguards, robust standards, and a clear system for redress are in place to ensure integrity, inclusiveness and efficiency.
Private Sector–Led Initiative
This project also highlights the importance of private-sector-led climate action. The Myanmar Improved Cookstove Project was initiated by CCC, a nonprofit organization, with the participation of 12 private-sector companies from Korea.
It demonstrates how private capital and execution can play a vital role in international climate governance, realizing the ‘multi-stakeholder participation’ emphasized by the Paris Agreement.
The carbon credits generated through this project are expected to be partially transferred to Korea in accordance with Paris Agreement rules, contributing to the country’s Nationally Determined Contributions(NDC). This creates a virtuous cycle in which private-sector resources and expertise are linked to national climate action.
Advancing Climate Action in Developing Countries
Furthermore, the project delivers tangible climate action in developing countries. In many rural areas of Myanmar, households still rely on traditional fuels for cooking, with indoor air pollution posing a major health risk. The Myanmar Improved Cookstove reduces fuel consumption, lower carbon emissions and help prevent deforestation, while also protecting the health of women and girls who are particularly vulnerable to indoor air pollution.
Simon Stiell, UN Climate Change Executive Secretary, said, “The first credits show how this mechanism can support solutions that make a big difference in people’s daily lives, as well as channeling finance to where it delivers real-life benefits on the ground”
Moving Forward
Carbon markets have evolved amid ongoing debates over the credibility of emission reductions, transparency of methodologies, and social impacts. In this context, the first issuance under strengthened standards signals that the global carbon market may move toward higher levels of environmental integrity and transparency.
Building on this progress, CCC will continue to advance climate projects that meet enhanced standards and contribute to the practical implementation of global climate action.
The UNFCCC Article link is here
: UN carbon market approves first‑ever issuance of credits under the Paris Agreement
