26.11.2024Lax rules agreed at COP29 for global carbon trading market - Axel Michaelowa

A jungle in Panama. A carbon credit could include an investment by a high polluter in the planting of trees elsewhere to lower CO2 emissions.

“International carbon markets have crashed twice in two decades. This was due to an erosion of credibility. At Baku, the ‘operationalisation’ of international carbon trading under Paris can prevent a third meltdown that could be fatal,” Axel Michaelowa, of the University of Zurich, told the Guardian.

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