First UN carbon credits under Paris Agreement Article 6.4 face scrutiny over Myanmar junta links

Key facts

• The first carbon credits under the Paris Agreement's Article 6.4 mechanism were issued in February 2026 for a cookstove project in Myanmar.
• The project distributes improved cookstoves through a partnership between South Korea's Climate Change Center and Myanmar's Ministry of Natural Resources and Environmental Conservation (MONREC).
• An independent analysis found the project was over-credited by more than 14 times under the Clean Development Mechanism and still over-credited by a factor of seven under revised Article 6.4 methodologies.
• The UN reduced credit issuance by 40% compared to the previous Clean Development Mechanism methodology for the project.
• Credits from the cookstove programme have been traded through South Korea's Emissions Trading System and identified by major Korean corporations in their climate strategies.