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Blog Posts: COP25

  • Unlocking the potential of carbon market mechanisms in the Paris Agreement

    Negotiators from across the globe are currently meeting in Spain at the 25th Conference of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC). On their agenda is a complicated item – how should countries use carbon markets to meet the global climate challenge?

    Why does carbon need a market?

    Climate change is a market failure. In spite of the climate impacts of economic activities, the economic costs of such impacts are not accounted for in market prices, leading to higher emissions than ideal for a...

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