Cautious optimism has emerged that COP26 in Glasgow can clinch a global carbon market deal unlocking trillions of dollars of green investment, with even hold-out nation Brazil signaling a desire for compromise. With world leaders having left the UN climate summit after a flurry of speeches and announcements early this week, diplomats at COP26 are in the midst of two weeks of negotiations on how exactly to implement key parts of the 2015 Paris Agreement. Among the many details left open by the Paris deal six years ago, one of the most important and trickiest items still to be settled is how to fix rules on carbon markets under Article 6 of the Paris Agreement. Article 6 aims to set the byzantine rules needed to govern global carbon markets and create a new mechanism for offsetting carbon emissions. Settling the rules could help […]