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Glimmers of hope seen for global carbon market deal at COP26

Brazil is seen by some carbon market experts as the most outspoken hold-out on certain issues under Article 6 viewed by many nations as an impediment to a deal

Demonstrators carry placards at a Fridays for Future march during the UN Climate Change Conference (COP26), in Glasgow (Photo: Reuters)
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Demonstrators carry placards at a Fridays for Future march during the UN Climate Change Conference (COP26), in Glasgow (Photo: Reuters)

Reuters
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 signalling 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

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