CO2 QUOTE Closing from 11-11-2026 89,32 €/T

Instead of setting new targets, COP31 prioritised the implementation of agreements already reached.

The COP31 agenda had limited scope for negotiations, making it difficult to generate innovative commitments such as those made by countries at COP28, which aimed to phase out fossil fuels.

The agenda of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), which opened on 9 November in Antalya, Turkey, is considered the narrowest of all the major conferences of the last decade. This session has a more limited scope for negotiation, making it difficult to generate innovative commitments such as those made by countries at COP28 in Dubai in 2023, which aimed to phase out fossil fuels.

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