2021 will be the last chance to agree global climate governance
In 2015, the Paris agreement was negotiated committing countries to climate targets. The agreement also outlined a global architecture supporting the international response. Discussions over the carbon markets in article 6 have deadlocked three climate conferences. The delayed Glasgow climate conference is seen as the last chance to save these international structures and securing funding. The unlikely events of 2020 mean this is not a hopeless cause. Carbon markets In 1997 the Kyoto protocol set mandatory emission reductions for 37 industrialised nations. It also contained the Clean Developm...
Source: bright-green.org