COP29 nations approve new rules for creation of global carbon market
Nations at COP29 on Monday agreed new ground rules for a global carbon market that would reward countries for reducing emmissions by giving them "carbon credits" they could sell to higher-polluting countries. COP29 president Mukhtar Babayev said the agreement was a "breakthrough" but more negotiations are needed to develop the UN-backed plan.
Nations at COP29 on Monday agreed new ground rules for a global carbon market that would reward countries for reducing emmissions by giving them "carbon credits" they could sell to higher-polluting countries. COP29 president Mukhtar Babayev said the agreement was a "breakthrough" but more negotiations are needed to develop the UN-backed plan.
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