GLASGOW (Reuters) – Russia’s delegation to the U.N. climate summit on Friday called for more work on Article 6, which would set rules for governing global markets for carbon offset credits.
The Russians were particularly keen for resolution around whether old credits, established under the Kyoto Protocol, would be transferred into and counted within newly established markets.
“The current version of the text on market and non-market mechanisms of Article 6 requires additional elaboration,” a representative of the delegation told the Glasgow summit.
(Reporting by William James and Elizabeth Piper; Editing by Alison Williams)
