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Carbon markets' history of failures mean focus must be on real pollution cuts

1 month ago   |   By Friends of the Earth Scotland

One of the biggest issues up for discussion at the COP26 climate conference is the operation of carbon markets under the 2015 Paris Agreement. But the best result would be a failure to agree. Again.
The theory of carbon markets is that the people, businesses or countries who are most easily able to reduce emissions do so and those who would find it harder buy credit for the emissions reduction to cover their own targets. In a perfect world, with a perfect system, the world gets the emissions reductions it needs in the most economically efficient fashion. In the real world the experience...
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