EMEA > Africa > COP28: Countries reject key Article 6 texts in a major setback for carbon markets under the Paris Agreement

COP28: Countries reject key Article 6 texts in a major setback for carbon markets under the Paris Agreement

Published 20:27 on December 12, 2023 / Last updated at 10:49 on December 13, 2023 / / Americas (Compliance Markets & Taxes, LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Compliance Markets & Taxes, Pacific), EMEA (Africa, Compliance Markets & Taxes, Middle East), International (Paris Article 6/PACM, UN Climate Talks), Nature-based Carbon (Other NbS), Voluntary (VCM Governance)

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Country negotiators have failed to adopt two key texts on carbon crediting methodologies and international trade on the final scheduled day of COP28, throwing the future of markets as a climate solution under the Paris Agreement into turmoil.
Country negotiators have failed to adopt two key texts on carbon crediting methodologies and international trade on the final scheduled day of COP28, throwing the future of markets as a climate solution under the Paris Agreement into turmoil.


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