U.N. rules for carbon trading between nations approved at COP29 climate talks
- Countries at COP29 finalized an agreement to establish a global carbon credit market aimed at combating global warming.
- The U.N.-backed market could be worth $250 billion a year by 2030, offsetting 5 billion metric tons of carbon emissions annually according to IETA.
- The deal is a compromise including registry services for countries unable to create their own ledgers, while ensuring U.N. Endorsement is not implied by mere transaction recording.
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Total News Sources0
Leaning Left6Leaning Right8Center0Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 43%
R 57%
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