| After 195 nations agreed to develop the first truly global greenhouse-gas market last month, climate diplomats from China to Brazil must now haggle over how the program will work against a backdrop of the cheapest oil in more than a decade.
Negotiators have given themselves less than a year to agree on rules for a universal market-based emissions-reduction system under the Paris climate pact. To get there, they have to overcome any objections from nations reliant on fossil fuels and create a framework that covers an unprecedented range of national emissions targets...............................................Full Article: Source |