Climate Adaptation

Carbon Markets May Soon Free Billions for Investment. But Where?

New maps and analyses of carbon-rich regions could direct post-Glasgow funds where they’ll do the most good.

Photographer: Akos Stiller/Bloomberg
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Nations clinched the Paris Agreement six years ago but finished writing it only at COP26 in Glasgow this month. There, negotiators finally checked the box on something called “Article 6,” a section of the 2015 climate pact governing how countries can trade credits to emit CO₂. The new standards should also impose structure and transparency on opaque voluntary markets where companies buy and sell carbon offsets.