
Demystifying the Carbon Markets Episode 4 | Peter Zaman, Partner HFW, Singapore
SmarterMarkets™
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How Do You Avoid Double Counting Omissions Reductions?
article six allows countries to transfer credit for intermission reductions between each other. The key issue is, how do you avoid double counting those omissions reductions? And which is done in article six through the use of what are called corresponding adjustments. This would seem to be a rather straightforward accounting issue, but it's taken five years to reach an agreement.
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