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International carbon markets update

Covid-19 is having a multi-faceted impact on existing and proposed emissions trading initiatives

You can read more stories like this by subscribing to our monthly Energy Transition newsletter here The far-reaching impacts of the measures implemented worldwide to curb the spread of the Covid-19 virus will have significant implications for the development of international carbon markets, as well as the ongoing negotiations under the UN Framework Convention on Climate Change (UNFCCC). This update provides a snapshot of the current state of play in relation to carbon markets and climate negotiations more broadly in light of the global response to the pandemic. Climate negotiations On 1 April 2020, COP 26 was postponed due to Covid-19. The UK government stated: “In light of the ongoing, w

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