Small groups of countries can band together under the Paris Agreement’s bilateral trading provision to drive high-quality economy-wide emissions reductions in seller countries that would help all participants meet their climate targets at lower cost, researchers said Friday.
Researchers pitch minilateral approach to ITMO trade to increase quality, ambition
Small groups of countries can band together in Climate Action Teams (CATs) under the Paris Agreement’s bilateral trading mechanism to drive high-quality economy-wide emissions reductions in seller countries to help all participants meet their climate targets at lower cost, researchers said Friday.
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