While carbon markets have played a limited role in boosting sustainable development for the world's least developed economies, a new report from UN Trade and Development (UNCTAD) shows that stronger domestic laws, regulations, and monitoring could pay big dividends.
UNCTAD's Least Developed Countries Report 2024 highlighted on Monday that the group of 45 least developed countries (LDCs) could use carbon market projects to enhance climate action by offsetting the buyers' emissions at improved rates which will allow more investment.