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:
- Article 6.2 (cooperative approaches)
- Article 6.4 (centralized hub)
- Article 6.8 (non-market approaches)
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.
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