COP29 climate agreement a boost for India's carbon market ambitions

Quick Summary:

Climate Action Network (CAN) criticised framing Article 6 as part of the climate finance solution.

This agreement enables climate action by increasing demand for carbon credits and ensures that the international carbon market operates with integrity under UN supervision.

Simon Stiehl, chief of UN Climate Change, listed finalising Article 6 as a key negotiating priority at COP29.

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Category: BusinessFinance

Markets: IndiaAzerbaijan

Topics: Climate Change talks UN supervision COP29 Carbon market Climate Change

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 23:57:28 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 778 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23558093

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