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22.11 - 19:43
COP26 Negotiators Make Progress On Carbon-Trading Rules
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GLASGOW—Climate negotiators have made progress toward a deal aimed at establishing the foundation of an international carbon-trading system, according to people familiar with those talks, putting within reach a long-stalled agreement that many businesses hope will kick-start a global carbon market.
Brazilian officials, who have made a series of demands blocking a deal in the past, say they are now ready to make big concessions. Chinese officials feel they have smoothed out any formal differences with Washington over the issue, according to a person familiar with the matter. On Wednesday, China’s climate envoy, Xie Zhenhua, said he was hopeful countries could reach a carbon-trading deal during COP26, the United Nations climate summit taking
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