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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.
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