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The UNFCCC process is marred by gridlock in the COP multilateral framework, threatening joint efforts by countries to mitigate the climate crisis.
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Reports by CGEP • June 01, 2026
As part of its climate finance strategy, Argentina will use carbon markets to fulfill its successive nationally determined contributions (NDCs), as well as its Adaptation Communications, Long-Term Low-Emission Development Strategy, National Plan for Adaptation and Mitigation to Climate Change, and jurisdictional climate response plans. The broader strategy will encompass both compliance and voluntary markets at the regional, national, and international levels.¹
Argentina’s carbon market architecture remains under construction. At the national level, the government is developing a blended approach that anticipates both voluntary and compliance market mechanisms, guided by the National Strategy for the Use of Carbon Markets (ENUMeC). Legislative efforts are underway to establish a national voluntary carbon market (VCM), and policymakers continue to explore the design of an emissions trading system (ETS).² In parallel, several provinces—including Misiones, Santa Fe, Jujuy, and Córdoba—have introduced their own regulatory initiatives, with Misiones advancing a jurisdictional REDD+ (Reducing Emissions from Deforestation and Forest Degradation) program in 2025.³
Argentina’s trading ecosystem is still emerging. Market activity currently takes place primarily through the private platform Bolsa Argentina de Carbono (BACX), which, supported by ACX technology, provides a global marketplace for carbon credits.⁴ While BACX enables digital trading of credits across international standards, it is not yet integrated into the country’s national registry of climate change mitigation projects (Registro Nacional de Proyectos de Mitigación [RENAMI]),⁵ nor is it subject to government oversight. Market-side rules—covering participation criteria, data standards, price-discovery mechanisms, settlement requirements, and trading integrity—remain under development. Over time, RENAMI is expected to play a central coordinating role as Argentina defines its regulatory framework, aligns with Article 6 of the Paris Agreement, and strengthens governance across supply-, demand-, and market-side dimensions.⁶
The UNFCCC process is marred by gridlock in the COP multilateral framework, threatening joint efforts by countries to mitigate the climate crisis.
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Reports by CGEP • June 01, 2026