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Diplomats push to finalize carbon trading rules in public discussion
As the days count down to COP26, a virtual public discussion of diplomats in Jakarta has concurred that the time is nigh for parties to the Paris Accords to stop haggling and finalize the mechanism for international emissions trading.
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Thousands of people take part in a climate protest on Oct. 10, 2021 in Brussels, ahead of the COP26 climate summit in Glasgow set to open on Oct. 31. (AFP/Nicolas Maeterlinck)
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mere two weeks before the 26th United Nations climate change conference (COP26) opens in Glasgow, diplomats in Jakarta are pushing for the completion of international rules to govern emissions trading, a highly technical but potentially effective scheme mandated by the 2015 Paris Agreement, also known as the Paris Accords.
The stakes could not be higher for the parties to the agreement to conclude their provisions on carbon emissions trading and other forms of international cooperation under Article 6 of the climate deal, one of the last articles left unresolved in the 2018 Paris rulebook.
Complexity was a big reason why Article 6 was not agreed until the final morning of the Paris negotiations in 2015 or at subsequent COPs, so the issue is expected to be in the spotlight at COP26 in November, considered by many to be decisive for the future of the planet and all living creatures on it, including human beings.
Read also: Big nations urged to heed climate activists’ demands for bolder action
The upcoming climate conference could be an important milestone for the world to agree on “the biggest challenge to the Paris Agreement”, including Article 6, according to Deputy Foreign Minister Mahendra Siregar.
“These issues need to be concluded this year for the effective and full implementation of the [accords],” Mahendra said on Monday during a virtual discussion organized by the Foreign Policy Community of Indonesia (FPCI) and livestreamed on YouTube.
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