Long-Sought Carbon Market Rules Could Boost GHG Ambition, Backers Say

Countries at this year’s international climate talks have approved long-pending rules to implement provisions of the Paris Agreement governing the use of global carbon markets, a move that U.S. and other supporters say will bolster efforts to use carbon emissions cuts facilitated by such markets to help meet broader goals in the Paris deal. The markets provision, known as Article 6, “can now help countries aspire to higher ambition in the next round of Nationally Determined Contributions due in 2025...