What the operationalisation of Article 6 could mean for Southeast Asia

Quick Summary:

With key developments taking shape in the global carbon credit trade just a few weeks from COP29, experts say consensus will be crucial to helping Asian nations achieve their national determined contributions.

Proponents of the voluntary carbon market say it is a mechanism not only to advance sustainability goals, but to funnel billions of dollars into emissions-cutting projects in developing countries.

There is a prospect of breakthrough in the global carbon credit trade at COP29 in Baku, Azerbaijan, with key developments taking shape in one of the most long-standing disputes among climate negotiators less than a month away from the conference.

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Article Details

Author / Journalist: Hannah Alcoseba Fernandez

Category: EconomyBusiness

Markets: SingaporeAzerbaijanBrazilCambodiaChinaGhanaGuineaIndonesiaLaosPapua New GuineaPhilippinesThailand

Topics: COP Carbon credits Carbon offsetting COP29 Carbon trading UNFCCC Carbon accounting UN

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 09:00:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1108 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Eco-Business

News ID: 23432321

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About Eco-Business

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News Last Updated: 15 hours ago

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