COP26
Carbon Markets Draft at COP26 Prompts Warning From Activists
- Green lobbies concerned about potential for double counting
- Countries have been working on offset program since 2015
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A new proposal on international carbon markets released at the COP26 climate summit triggered warnings from environmental activists that bad design choices during these final stages of negotiations could lead to greenwashing instead of cleaner air.
While countries made some progress on technical provisions of emissions trading in the draft published Friday, most key issues remain unresolved after almost two weeks of talks. Getting a deal on rules for a global market, allowed under Article 6 of the Paris Agreement, would be a major success since negotiators have been working on it since 2015.