The COP29 Summit in Baku has approved the key rules that would govern trade in carbon credits.
A UN-backed global carbon market is likely to begin next year or so.
Despite the BASIC grouping’s demand that discussions on ‘climate change-related, trade-restrictive unilateral measures’ like Europe’s CBAM should be included in the main agenda, it was decided that CBAM would be discussed informally.
A UN-backed global carbon market is likely to begin next year or so.
Despite the BASIC grouping’s demand that discussions on ‘climate change-related, trade-restrictive unilateral measures’ like Europe’s CBAM should be included in the main agenda, it was decided that CBAM would be discussed informally.
