U.S. Said to Engage in Talks on Carbon Market Rules
- Some nations oppose use of markets to protect climate
- Standards needed because countries have varied target types
This article is for subscribers only.
The U.S. is engaged in talks on setting international rules and guidelines for carbon trading in the event that United Nations climate talks fail to set a framework for such a system, according to a person with direct knowledge of the plan.
A coalition of nations and regions willing to implement the market standards to meet their domestic climate targets would be a fallback position in case the UN-negotiated climate deal expected in Paris doesn’t include such measures or progress is deemed too slow, said the person, who asked not to be identified because the discussions aren’t public.