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Policy & Regulation

COP talks fail, but carbon linking set to continue

Many countries will plough ahead with their own plans for multilateral carbon markets after UN talks on a set of overarching rules failed yet again Many countries will plough ahead with their own plans for multilateral carbon markets after UN talks on a set of overarching rules failed yet again.
By Alessandro Vitelli 19 December 2019 Europe & Russia / Policy & Regulation 0 34891
Carolina Schmidt, COP 25 climate conference president, Tijjani Muhammad-Bande, president of the UN General Assembly and Patricia Espinosa, executive secretary of the UNFCCC in Madrid last week. (PA)

The key issue: Countries around the world are steaming ahead with plans to link carbon markets, but the failure to agree on a common set of rules at the COP25 summit in Madrid has called into question the role and relevance of the UN.

Interfax analysis: After two weeks of talks in Madrid for the COP25 summit, delegates from more than 190 countries failed to reach an agreement on a set of rules that would govern international carbon trading. The UN-sponsored summit was trying...