India, April 24 -- Supervisory Body's criteria or rationale for fees to be levied on communities with concerns missing from Article 6.4

A key document from a body overseeing the United Nations (UN) carbon markets contains some serious flaws, including the fees that it intends to levy on communities with concerns.

Article 6.4 of the Paris Agreement aims to establish a centralised market under the United Nations, allowing carbon credits generated by projects that reduce or eliminate greenhouse gas emissions to be traded between individuals, businesses, and countries in order to meet climate targets.

The Supervisory Body (SB), a UN panel tasked with overseeing the 6.4 markets, recently put out a document that proposed rules for the submis...