Uphill Task at Bonn and Baku Climate Negotiations: Finalize Carbon Market Rules
by -Last year’s Conference of Parties (COP28) at Dubai failed to deliver on Article 6 of the Paris Agreement, which governs carbon markets. Article 6 allows countries to meet their climate targets by trading carbon credits earned from the reduction of Greenhouse Gas (GHG) emissions. Even after two weeks of negotiations, the 197 participating nations in Dubai were unable to reach consensus on the rules governing carbon markets.
Almost...