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Brics summit declaration highlights plans for joint carbon market framework

Eight member states currently operate voluntary trading systems while several major economies host a third of global offset projects.

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  1. 0:01Brics nations are advancing plans to
  2. 0:03establish a coordinated carbon market framework
  3. 0:08The commitment was affirmed in the
  4. 0:09New Delhi Declaration during the 18th
  5. 0:11Brics Summit on 12 September
  6. 0:15Implementation will focus on common rules
  7. 0:17for measurement and reporting rather than
  8. 0:19a single trading platform
  9. 0:22Brazil China India and Indonesia host
  10. 0:25more than a third of registered
  11. 0:27carbon credit projects worldwide
  12. 0:30For the full story visit wenepal.com
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