Reported about 5 hours ago
At the COP29 climate summit in Azerbaijan, negotiators reached a carbon credits agreement after nearly a decade of discussions, allowing countries to trade carbon credits under new UN oversight. While the rules aim to provide an accounting system to prevent double counting of credits, concerns remain regarding the integrity of these markets and potential loopholes that could undermine environmental goals. Critics worry that the set standards may allow for low-quality credits and the risk of greenwashing continues, as seen in recent deals like Switzerland's with Ghana, which are questioned for their actual carbon savings.
Source: YAHOO