COP29 nations approve new rules for creation of global carbon market
- Governments at COP29 have approved new standards from the United Nations for international carbon markets, allowing countries to trade credits for climate targets.
- Nearly 200 nations agreed on crucial rules to set a carbon market in motion after years of discussions.
- Erika Lennon stated that this development is significant, saying it would "open the door" for a fully-fledged market.
178 Articles
178 Articles
COP29 Greenlights UN Backed Global Carbon Credits Market
Negotiators have agreed on establishing a U.N.-backed system for trading carbon credits. The deal, announced on Nov. 12 at the U.N. climate change conference, COP29, in Azerbaijan, will support a decade-old aim to bring on a centralized carbon market by next year. On the opening day, nations agreed on several crucial ground rules on the U.N.’s Article 6.4 Supervisory Body, which under the Paris Agreement, is designed to allow countries to trade …
Global Leaders Gather in Baku for Critical Climate Talks
The 29th annual United Nations Climate Change Conference, held this year in the Azerbaijani capital Baku, kicked off November 11 with a plea for attendees to clean up a mess. “One single COP can’t deliver the full transformation that every nation needs,” UN Climate Change Executive Secretary Simon Stiell stated in his opening remarks. “Parties need to agree [on] a way out of this mess. That’s why we’re here in Baku. We must agree [on] a new glob…
Coverage Details
Bias Distribution
- 39% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage