Published

Kick-start for carbon credit market after loose rules agreed at COP29

  • New rules approved at COP29 allow rich countries to buy carbon-cutting offsets from developing nations, raising fears of climate target greenwashing.
  • COP29 expects the scheme to lower national climate plan costs by up to US$250 billion.
  • Diplomats applauded the major decision, while concerns arose over Switzerland's transparency in emissions cuts.
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