Three takeaways from #COP25, which ended earlier today in Madrid without a deal on major issues including carbon markets guidance under #Article6 of the #ParisAgreement on #climatechange:
1. #COP25 showed that the yawning gap between what citizens are demanding on climate action, and what UN negotiations are delivering, is wider than ever.
2. With no deal at #COP25, it’s now time to move on. Countries that are serious about using carbon markets to increase ambition should move forward to set their own strong rules for high-integrity international emissions trading, paving the way for faster, deeper cuts in GHGs.
3. The final deal on the table at #COP25 was actually surprisingly good (see my analysis here
https://twitter.com/natkeohane/status/1206061307994267650?s=21). In the end, the issue was NOT that no deal was better than a bad deal so much as that a valiant last-ditch effort by @CarolaSchmidtZ ran out of time.
So a key takeaway from #COP25 for negotiators and countries — especially @Cop26President — is that they should build on what they produced in Madrid rather than view it as a bad deal that we managed to avoid. That’s especially true for Art 6.2 but also for much of Art 6.4.
Here’s our statement. edf.org/media/cop-25-c…
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