Carbon Trading Advocates Praise U.N. Rules’ Voluntary Market Treatment

A standards-writing group for voluntary carbon markets is applauding the international trading rules produced at the Glasgow climate talks, saying they reaffirm that voluntary trading programs continue to remain outside the scope of countries’ obligations to achieve emission cuts in meeting the goals of the Paris Agreement. A key focus of the United Nations climate meeting Nov. 1-12 was to develop the carbon trading rules under Article 6 of the 2015 Paris deal, after several prior failed attempts to do...