UN climate talks end in division over carbon markets

A last minute commitment by EU governments to target climate neutrality by 2050 has failed to spur similar undertakings at the global level, with the COP25 summit in Madrid petering out amid wrangling over the accounting rules for carbon markets and the use of old credits in lieu of fresh emissions cuts.

“I am disappointed with the results of COP25,” UN secretary general António Guterres said on Sunday afternoon as extended talks drew to a close. “The international community lost an important opportunity to show increased ambition on mitigation, adaptation and finance to tackle the climate crisis.”

Technical talks in Madrid centred on Article 6 of the 2015 agreement, dealing with rules on international carbon markets. The negotiations ended inconclusively, to be continued in Glasgow next year at the final summit before the implementation phase begins, where campaigners and the European Commission hoped the focus would be on accelerating emissions cuts.

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