Carbon market deal may save the legacy of COP26
By David Callaway, Callaway Climate Insights . . . . In the stinging aftermath of the international failure in Glasgow to agree on moving the world away from coal or paying to help poorer countries fight the ravages of climate change,…
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By David Callaway, Callaway Climate Insights
. . . . In the stinging aftermath of the international failure in Glasgow to agree on moving the world away from coal or paying to help poorer countries fight the ravages of climate change, it’s difficult to attribute any success whatsoever to the United Nations COP26 summit, which just ended.
But a late-session agreement among negotiators to approve rules for a global carbon market, while technical and, well, boring in comparison to the fight to save Barbados, will have long-lasting benefits that could ultimately allow climate historians to look back more favorably on the summit.
Among the many goals of the summit that were not reached, the agreement on the carbon market — Article 6 of the Paris Agreement in 2015 — stands out as rare success in countries compromising to overcome disagreements on payments. . . .
Callaway Climate Insights Newsletter
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
