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Countries greenlight standards for global carbon market at COP29

( November 11, 2024, 22:00 GMT | Official Statement) -- MLex Summary: Countries at the COP29 climate summit reached a consensus on the standards for the creation of carbon credits under the Paris Agreement, a COP29 statement says. These standards are key for a global carbon credit market framework that would contribute to cut greenhouse gas emissions. The COP29 Presidency outlined the full operationalization of Article 6 of the agreement, which sets out a framework for countries to cooperate on reducing emissions, as a key priority this year.Press release follows. ...

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