Climate policy: Bonn summit fails to revise carbon trading system


Issue 463 - 29 Jun 2022 - By Ajay Ubhi

Climate change negotiators have agreed to continue working on a proposed new international carbon trading mechanism, after failing to reach agreement at the Bonn Climate Change Conference in Germany in June.

A new system under Article 6 of the United Nations Framework Convention on Climate Change (UNFCCC)’s Paris Agreement had been anticipated by some advocates, to replace the Clean Development Mechanism (CDM) which has proved of limited value to Africa.

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