Carbon trading lobbies call for credit transfer rules

Carbon trading lobbies have urged the UN to agree accounting and trading rules that would enable the transfer of credits between emissions trading schemes, ahead of high-level talks at COP 23 in Bonn from 6 November

Carbon trading lobbies have urged the UN to agree accounting and trading rules that would enable the transfer of credits between emissions trading schemes, ahead of high-level talks at COP 23 in Bonn from 6 November.

Proponents of carbon trading will make a renewed push for a clarification of how internationally tradeable emissions reductions can be used through the Paris Agreement.

Under article 6 of the Paris Agreement, countries can use market mechanisms, including internationally traded offset credits, to meet their targets — provided these meet key criteria including measures to prevent “double counting” of emissions reductions.

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