UN rules for carbon trading OKd at COP29

By Agence France-Presse

Nov 25, 2024 12:17 am

BAKU — New rules allowing wealthy polluting countries to buy carbon-cutting 'offsets' from developing nations were agreed at UN climate talks Saturday, a move already raising fears they will be used to greenwash climate targets.

This decision, taken during extra time at the COP29 conference, is a major step forward in a debate that has dragged through climate talks for years, and diplomats broke into applause when the decision was gavelled.

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