Paris-aligned and investor-ready — Argentina joins the Article 6 game

Source: Municipalidad Godoy Cruz

Just a few years ago, hyperinflation had left Argentina’s carbon market in the dark—no finance, no incentive to develop projects. Today, the landscape is shifting. As inflation slows and borrowing costs ease, both domestic and foreign investors are returning to initiatives in methane capture, soil carbon, and secondary REDD+. Standards bodies such as the Climate Action Reserve and Verra have already published protocols for landfill gas and agricultural land management, and local developers report voluntary credit prices between $20 and $30 per tCO₂e.

The federal government, once cautious, is changing course. Its next nationally determined contribution (NDC) will explicitly include room for Internationally Transferred Mitigation Outcomes (ITMOs), signalling that Argentina will remain under the Paris Agreement framework and is developing a national project registry. Officials aim to release the third NDC before COP30.

At the subnational level, provinces such as Córdoba, Neuquén, and Misiones are not waiting for the federal process to finish. Each has launched its own standards and jurisdictional programs. In Misiones, REDD+ credits are reportedly being prepared for the market at around $15 per tCO₂e.

Argentina may lack the rainforest scale of Brazil or Colombia, but its vast agricultural base (soybeans, cattle, rice) offers significant mitigation potential. Turning that potential into a consistent revenue stream will depend on clear policy signals and coordination between national and provincial authorities. If Argentina can operationalise ITMO transactions and leverage growing investor confidence, it could transition from a market laggard to a regional leader in carbon markets.

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