Carbon Market Talks Remain Stalled

Steve Zwick

This morning’s text is little changed from yesterday. We will update this story if events warrant it, but for now we’re in a holding pattern.

GLASGOW | 11 November 2021 | Ministers released a negotiating text for Article 6, which deals with international carbon markets, but the rules are virtually unchanged since Saturday, with areas of disagreement in brackets. You can find the documents here:

At issue is the treatment of transactions outside of NDCs and whether a transaction tax should be imposed on bilateral transactions to support adaptation.

Unlike years past, we are avoiding the gossip surrounding these final days and awaiting a concrete outcome.

Steve Zwick is a freelance writer and produces the Bionic Planet podcast. Previously, he was Managing Editor of Ecosystem Marketplace, and prior to that he covered European business for Time Magazine and Fortune Magazine and produced the award-winning program Money Talks on Deutsche Welle Radio in Bonn, Germany.

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