<p>The Paris Agreement&rsquo;s Article 6, on carbon markets, was a crucial part of the COP26 negotiations. A price on carbon is a key tool for reducing global emissions in an efficient and fair way. But there were serious challenges in reaching a workable text, that would allow carbon markets to function effectively while avoiding doublecounting or encouraging unsustainable activities. What was concluded and what remains to be agreed? Where do global carbon and offset markets now stand? How will Article 6 of the Paris Agreement further accelerate the development of a global carbon market?</p>
