Many see carbon markets as key to channelling billions of dollars into reducing carbon emissions and protecting forests, but they also put the well-being of communities at risk.
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The dust has settled on COP26 and one of the summit’s few achievements looks decidedly less impressive.
COP26 saw progress and announcements, but the commitments made by states — in addition to having to pass the test of implementation —fall far short of what the science requires.
From weak 2030 targets to controversial rules around carbon trading, let’s take a look at the summit’s defining issues.
Uncertainty about carbon market rules will be problematic for New Zealand, given its reliance on overseas carbon trading to meet its new climate pledge.
A global emissions-credit trading system could bring an end to the production of coal-fired electricity, spur innovation and help countries meet their greenhouse gas emissions goals.
Top contributors
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Director, Griffith Climate Action Beacon, Griffith University
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Director Centre for Sustainable Enterprise, Griffith University
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Professor of International Politics, University of Manchester
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Associate Professor of Law, McGill University
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Professeur en droit, Section de droit civil, Université d’Ottawa (Canada), membre du Conseil scientifique de la Fondation France Libertés, L’Université d’Ottawa/University of Ottawa
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Associate Professor of Law, University of Waikato
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Professeur au Département des sciences juridiques, Université du Québec à Montréal (UQAM)
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EY Distinguished Scholar in Global Mining Futures, University of British Columbia
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Graduate Research Assistant, Public Policy and Global Affairs School, University of British Columbia
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Invited User
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Professor at Vancouver Island University & Postdoctoral fellow, Centre d’études en gouvernance et du Centre de droit de l’environnement et de la durabilité mondiale, L’Université d’Ottawa/University of Ottawa
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Assistant Professor, Lincoln Alexander School of Law, Toronto Metropolitan University
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Doctoral Researcher in Climate Change Governance, University of Waikato
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Senior Research Associate with the Canada Research Chair in Human Rights, Health, and the Environment, McGill University
