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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