"No Carbon Market Deal Is Better Than a Bad Deal, Spain Says"

"Spain would rather have envoys from almost 200 countries come back empty-handed after two weeks of climate change talks than push through a bad deal.

Spain, which is hosting the United Nations’ annual conference on climate change, is hopeful that an agreement will be reached that will tie up the last remaining details needed to implement the 2015 Paris Agreement, said Teresa Ribera, minister for Ecological Transition. But an agreement can’t happen at any cost.

“Our biggest challenge is how to solve this the right way,” Ribera said in an interview at the meeting known as COP25 in Madrid. “It is not viable to think that it’s so important to get this done that we can sacrifice everything else.”"

Laura Millan Lombrana reports for Bloomberg December 4, 2019.

SEE ALSO:

"The Latest: Activists In Madrid In Garment Industry Protest" (AP)

"EU Climate Leadership In Doubt As Bloc Set To Miss 2030 Goal" (AP)

"Europe's 'Carbon Border Tax' Could Hurt Climate Negotiations: China Adviser" (Reuters)

"Paris Climate Deal: World Not On Track To Meet Goal Amid Continuous Emissions" (Guardian)

"Brazil Seeks to Revive $138 Billion Carbon Market" (Bloomberg)

Source: Bloomberg, 12/05/2019