Published

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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  • 57% of the sources lean Right
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