COP21: EU calls for carbon market rules

The EU and Brazil have tabled a joint proposal on rules for emissions trading as part of a new global climate agreement

The EU and Brazil have tabled a joint proposal on rules for emissions trading as part of a new global climate agreement.

They want to establish common accounting rules for the transfer of international emission reduction units to avoid double counting.

The proposal, tabled on Tuesday, demonstrates the EU’s “strong belief in the important role of ambitious and robust carbon markets in reducing global emissions”, said climate commissioner Miguel Arias Cañete.

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