This paper constitutes the first analysis of the potential role of the generation and trade of internationally traded mitigation outcomes (ITMOs) and related benefits for domestic climate policy strategies of the Gulf Cooperation Council (GCC) countries in the context of emerging domestic carbon pricing systems and net-zero strategies. While domestic mitigation remains the foundation of the implementation of nationally determined contributions (NDCs), Article 6 cooperation can complement it by providing a cost-effective means to manage residual emissions, supporting mitigation in the region’s hard-to-abate sectors and enabling higher ambition as marginal abatement costs rise.
