Delegates at the UN’s COP25 climate change conference in Madrid failed to reach consensus in many areas, including settling on rules for carbon markets and other forms of international cooperation under Article 6 of the Paris Agreement.The idea behind carbon markets is that the most polluting countries can buy the right to pollute more from countries that have not reached their emissions limits.Such markets are generally designed for trading in “carbon credits”. A company or country that exceeds certain carbon reduction targets can buy credits from another that does not exceed them.What was being negotiated in Madrid, with the implementation of Article 6 of the Paris Agreement, was how to regulate existing markets.
Want to know more?
Sign up.
- Independent news and information for and about the global nuclear industry
- For nuclear incidents, NucNet operates 24 hours a day, 7 days a week
- Daily, weekly and monthly newsletters
- Access to infographics for subscribers to use in their own editorial and marketing material
- Exclusive analysis and special reports on key nuclear industry topics
- Breaking news on social media
- Access to the 'NucNet Style Guide for Nuclear Reporters and Communicators'
- Access to NucNet editorial database containing more than 18,000 news articles and features from January 1991
- A reliable media and communications partner for the nuclear energy industry. Distribution of your industry news stories
- Manage your own preferences
- Get involved. Members can attend meetings and be part of NucNet's policy and editorial decision-making
Start Free Trial