Climate Changed
Brazil Says $138 Billion CDM Needs Reviving in New Climate Deal
- Environment minister Ricardo Salles focused on CDM credits
- COP25 meeting is working on ways to extend trading mechanisms
Trucks move along a road between the cities of Rio Branco and Senador Guiomard, Brazil.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazil said envoys at the United Nations climate talks should find a way of reviving credits generated under an early carbon trading system as they design a new mechanism.
Environment Minister Ricardo Salles’s remarks add to the difficulty facing delegates from almost 200 nations, who are meeting in Madrid this week and next to determine how carbon trading can work under the Paris Agreement on climate change.