Carbon copy? COP26 confronts familiar roadblocks on market rules | Deccan Herald

It was the same at the 2019 UN climate summit in Madrid, where the Spanish government said “no deal” was better than a bad one.

“We did not cover in full the worst topics,” the second diplomat said, including the demand by many countries to prevent “double counting”.

Also unsettled is whether bilateral carbon trading should be taxed, with the proceeds going to a fund helping developing countries adapt to climate change.

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