Richer nations accused of stalling progress on climate crisis
There was a widespread view among delegates that Brazil was refusing to compromise on article 6 as a means of holding up implementation of the Paris accord. Brazil’s rightwing president, Jair Bolsonaro, is hostile to the Paris agreement, and is accused of paving the way for devastating fires set by ranchers in the Amazon, but the government is still officially a party to the UN talks.
Article 6 focuses on the role of carbon markets and carbon trading in helping countries to fulfil their pledges under the Paris agreement. Carbon markets allow for countries to claim carbon credits for carbon sinks, such as standing forests, and for emissions-cutting efforts, such as wind farms or renewable energy projects.