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Getting an agreement on the rules for international trading of carbon credits, a set of negotiations known as Article 6, came down to the wire last month at COP26. But during the last weekend of the conference, the 200 countries finally agreed upon guidelines that will create an international market for carbon credits, including country-to-country exchanges of these instruments.
For companies that buy offsets and the two big verification organizations, Verra and The Gold Standard, Article 6 is the long-awaited government guidance for creating, accounting and verifying carbon credits that until this point the private sector had been developing largely on an ad hoc basis.
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