Outline of carbon markets deal emerges at U.N. climate summit

Published by
Reuters

By Jake Spring and Kate Abnett (Reuters) – Negotiators began to close in on a deal to settle rules for carbon markets on Saturday, as talks extended into overtime at the COP26 U.N. climate summit. New draft documents released early Saturday on implementing Article 6 of the 2015 Paris Agreement suggest progress around all three of the key sticking points that have skuppered a deal on the issue at the past two U.N. climate conferences. Article 6 would set the rules allowing countries to partially meet their climate targets by buying offset credits representing emissions cuts by others. Companies…

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