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Wednesday, November 27, 2024

ET at COP29: After 9 years of debate, global carbon trading deal finalised :-ET

 


BAKU:-A resolution emerged following nine years of negotiations, after talks broke down in Dubai last year. International carbon trading-which refers to clauses in the Paris Agreement that provide for country-to-country trading, UN-monitored international carbon market and non-market mechanisms-had got an early boost in Baku with countries adopting standards on Day One. Carbon trading is referred to in UN climate talks as "Article 6".


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