| The U.S. is proposing the creation of international carbon-trading markets because United Nations climate talks have so far failed to set rules for such a system, according to a person with direct knowledge of the plan.
A coalition of nations and regions willing to implement the market standards to meet their domestic climate targets would be a fallback position in case the UN-negotiated climate deal expected in Paris doesn’t include such measures or progress is deemed too slow, said the person, who asked not to be identified because the discussions aren’t public...............................................Full Article: Source |