U.N. carbon market talks to drag beyond COP27 as deals elusive

FILE PHOTO: A view of the landscape at Northumberlandia country park land restoration after open cast coal mining in Northumberland, Britain, November 11, 2016. REUTERS/Barbara Lewis/File Photo

SHARM EL-SHEIKH, Egypt (Reuters) - Talks to establish carbon offset markets to allow countries to buy credits to partly achieve their climate pledges are set to drag on beyond the COP27 summit and into next year, according to observers and a negotiator in the U.N. talks.

It might still be years before countries can offset their emissions with credits based on greenhouse gas-reducing projects elsewhere, under an international carbon market first called for in Article 6 of the 2015 Paris climate accord.