Climate Talks Grapple With Regional Carbon Markets: IEA
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United Nations climate envoys are considering how to slot Chinese provinces and U.S. states into the same global carbon market as nations after 2020, according to an International Energy Agency official.
Negotiators need to agree on rules to track emission permits while keeping them “flexible enough to allow high-quality carbon markets to flourish and link up,” Christina Hood, a climate policy analyst at the agency in Paris, said in a telephone interview. That will be “a tricky balance for negotiators to strike,” she said.