COP27: Nations set to postpone even more carbon market decisions for a year, draft suggests

Published 21:17 on November 16, 2022  /  Last updated at 08:28 on November 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, Voluntary  /  No Comments

Most decisions on a new UN carbon credit mechanism are set to be delayed for a year as time runs out at COP27 talks, according to draft text released on Wednesday that includes a divisive loophole to double claiming provisions that is seen as likely to grind the negotiations to a halt.

Most decisions on a new UN carbon credit mechanism are set to be delayed for a year as time runs out at COP27 talks, according to draft text released on Wednesday that includes a divisive loophole to double claiming provisions that is seen as likely to grind the negotiations to a halt.

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