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Carbon Trading Deal Significant: Financial Expert

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AP21302496239144-CLIMATE COP26 SUMMIT Glasgow

The most important outcome of COP26 is the agreement on Article 6 of the Paris accord about international cooperation on emissions cuts, according to Mark Lewis, head of climate research at Andurand Capital. What's especially significant in the Article 6 deal is the concept of "corresponding adjustment" that prevents double-counting of emissions reductions, he explains in an interview with Energy Intelligence. Article 6 is seen as a mechanism for facilitating international carbon markets or trading systems to give greater options for complying with emissions targets.

Topics:
Low-Carbon Policy, CO2 Emissions, ESG, Carbon Markets
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