Generally, most countries are in favour of a carbon-trading system as a way to cut the emissions behind climate change. But a major stumbling block in the negotiations has been agreeing on how a carbon-trading system would work and how much credit each country could earn toward their emissions targets. It could also create a trading market for such credits, to be used by both public and private sectors. WATCH | How a global carbon-trading market could work:Why businesses are closely following the COP26 negotiations about a carbon-trading market IETA’s Andrea Bonzanni explains what the challenges are in establishing a global carbon market. The carbon-trading system is officially referred to as Article 6 of the Paris Agreement and there are two main elements under negotiation.

Source: CBC News November 13, 2021 09:56 UTC