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Activists protesting "greenwashing," in which a company or government appears to do more for the environment than it is, gather outside the JP Morgan premises near the COP26 U.N. Climate Summit. Alastair Grant/AP hide caption

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Alastair Grant/AP

Carbon trading gets a green light from the U.N., and Brazil hopes to earn billions

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A refinery in Anacortes, Wash. In 2016, voters in Washington state rejected an initiative that would have taxed carbon emissions from fossil fuels such as coal and gasoline. Ted S. Warren/AP hide caption

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Ted S. Warren/AP