ContribuciÃ³n en MitigaciÃ³n NÂ°1 (M1) M1) Chile commits to a GHG emission budget not exceeding 1,100 MtCO between 2020 and 2030, with a GHG emissions maximum (peak) by 2025, and a GHG emissions level of 95 MtCO by 2030. CONTRIBUTION SDG Chile recognizes that Article 6 of the Paris Agreement is a mechanism for countries to implement mitigation actions in a cost-effective manner and to advance in the implementation of new technologies in collaboration with other Parties, through Internationally Transferred Mitigation Outcomes (ITMOs), for ex- ample. It is also the only article that facilitates and/or promotes private sector participation, which is key to increase ambition.