As COP26 spilled over into Saturday, one of the key issues being debated throughout the course of the conference remained outstanding—agreement on the implementation of Article 6 of the Paris Agreement.
Firstly, the compromise made to permit transfer of some credits from the CDM is likely to create an initial glut of credits in the future market and, in addition to the possibility of credit prices plummeting, there are also concerns related to the quality of certain legacy carbon credits.
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