Delicate negotiations on carbon market rules in Glasgow could be thrown off course by the big banks’ push to “scale up” voluntary carbon trading
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The package was hailed as “groundbreaking” for being country-led and addressing a need to reskill and support coal miners
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But many major economies including the United States, China, India and Japan have set no formal dates for ending the use of coal.
Many Asian countries see gas as a “transition fuel” away from coal, while Brussels is urging the region to go straight to renewables
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