Finance
As Climate Protesters Fume, Envoys Build a Wall of Green Money
COP25 talks in Madrid will seek to harness the power of markets to cut greenhouse gas pollution.
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Climate envoys from almost 200 nations will gather in Madrid starting Monday for two weeks of talks organized by the United Nations. The ambition at COP25 is to build on the four-year-old Paris Agreement, at which governments pledged to limit fossil-fuel pollution, by reviving a corner of the market in carbon pollution credits.
If that doesn’t sound like stakes commensurate with the ongoing climate crisis, that’s because it isn’t.