University of Edinburgh researchers spearhead €5.2 million EU-funded project to establish European carbon removal market.
Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.
Talks on creating a global carbon market ran into new obstacles, highlighting how difficult it will be to break a six-year deadlock on an issue seen as a key benchmark of success for COP26.
COP26 is about to get messier with negotiators bracing for all-night sessions. Top of their list to pin down: how to create a global carbon market and who will pay for the ravages of rising temperatures.