COP29 opens with approval of global carbon credit trade rules

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The story "COP29 opens with approval of global carbon credit trade rules" was covered 2 days ago by Eco-Business, a news publisher based in Singapore.

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Eco-Business 2d ago

COP29 opens with approval of global carbon credit trade rules - Eco-Business

Quick Summary:

The COP29 presidency called this an early win, but the fast-tracked decision-making process has drawn criticism from civil society and legal experts.

The Article 6.4 mechanism under the Paris Agreement has been approved.

We offer a range of subscription plans.Article 6.4, a section under the Paris Agreement which lays out the foundation for countries to trade carbon credits, has been one of the longest-standing disputes at the COP negotiations due to disagreements on the integrity of these rules, or how to make sure any promised emissions reductions are additional and can be easily verified.