EMISSIONS TRADING AND CLIMATE CHANGE

U.S. Said to Engage in Talks on Carbon Market Rules

Mathew Carr, October 19, 2015 (Bloomberg News)

“The U.S. is engaged in [not yet public] talks on setting international rules and guidelines for carbon trading in the event that United Nations climate talks fail to set a framework for such a system, according to a person with direct knowledge of the plan…A coalition of nations and regions willing to implement the market standards to meet their domestic climate targets would be a fallback position in case the UN-negotiated climate deal expected in Paris doesn’t include such measures or progress is deemed too slow…Almost 200 countries are meeting today in Bonn for a final session of climate talks before a conference in Paris in November, at which envoys plan to seal a global emissions-limiting deal…If the UN effort is seen on track setting required market rules, there would be no need for regulations from a smaller markets group…Governance of such a system is still to be determined…” click here for more

click to enlarge

Tweet