Anxiety over COP25 carbon market talks, while Switzerland joins EU ETS

Talks on global rules for carbon markets have seen some progress at COP25 in Madrid, but the latest texts still contain all the “contentious and potentially harmful” options as the negotiations move to the ministerial level, an advocacy group has said.

“These include the possibility of carrying over old credits from the Kyoto mechanisms to be used towards countries’ climate targets under the Paris Agreement and the risk of counting emission reductions towards multiple climate targets,” Carbon Market Watch said on Tuesday.

The UNFCCC-accredited NGO, which advocates putting a market price on CO2 emissions as a means to drive down greenhouse gas emissions, issued its warning the day after the first week of talks in the Spanish capital led to the publication of a set of highly technical draft conclusions.

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