COP29 Takes a Step Towards UN-Backed Global Carbon Market

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On Monday, delegates gathered in Baku, Azerbaijan gave a green-light to carbon credit quality standards — guardrails for how international carbon crediting projects will work

The post COP29 Takes a Step Towards UN-Backed Global Carbon Market appeared first on Asia Financial.

Just this year, for instance, Human Rights Watch found that Cambodia’s nature projects — that created a significant chunk of the world’s carbon credits last year — involved widespread and serious violations of indigenous communities’ rights.

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Article Details

Author / Journalist: Vishakha Saxena

Category: InvestingBusiness

Markets: Hong KongAzerbaijanBrazilCambodiaChinaGuineaMexicoPapua New GuineaUnited States

Topics: Carbon Credits Markets World Carbon Removal Commodities Market Insights Global Green Energy Transport and Technology Leaders Index Emissions COP29 Regions Carbon Offsets Global Warming Paris Climate Agreement Asia Carbon North Asia Carbon Markets Climate Change

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:17:37 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 1058 words

Reading Time: 6 minutes read

Sentences: 50 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23555374

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