Environment & Ecology · Environment

With reference to cooperative mechanisms under Article 6 of the Paris Agreement, consider the following statements: I. Article 6 provides avenues for voluntary cooperation among Parties in the implementation of their Nationally Determined Contributions (NDCs). II. Article 6.2 relates to Internationally Transferred Mitigation Outcomes (ITMOs) exchanged through bilateral or plurilateral approaches. III. Article 6.4 provides for a mechanism under international oversight to contribute to mitigation and support sustainable development. IV. The operation of Article 6 is confined only to public-sector finance and excludes participation by private entities. Which of the statements given above are correct?