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From COP26 in Glasgow, the adoption of comprehensive accounting rules for the international transfer of carbon market units is the most important achievement however it is not in international climate negotiations. ‘Clean Development Mechanism’ or ‘CDM’ allows emission reduction projects to earn certified emission credits, but there are questions if the Article 6 rules are good enough to provide the necessary framework.

Studies indicate the actual cost of global warming will be highest for the three top emitting countries: China, India and US and with the most to lose from climate change. The cost is higher than first assumed. Many countries have not yet recognised the risk posed by climate change. This study aims at filling this gap and shows mapping of domestic impacts of climate change can help better understand the determinants of international cooperation.

COVID-19 pandemic has led to the worst economic downturn of the last decades mainly due to measures to stop the spread of the virus. This has led to reduction in demand and production capacity. Governments worldwide adopt packages as a response to the COVID-19 crisis, with $3.5 trillion dedicated to climate protections in the agriculture, industry, energy, and transport sectors. By adapting packages that are green, boosts economic growth worldwide triggered by increased low-carbon investment.