COP29 Rules Allow International Carbon Trading

• New rules allow wealthy polluters to buy carbon-cutting offsets from developing nations.

• This move raises concerns about potential greenwashing of climate targets.

• The decision, made during extra time at the COP29 conference, is a significant step forward in the ongoing climate talks debate.

• Critics fear these schemes could undermine global efforts to curb global warming if poorly set up.

• Carbon credits are generated by activities that reduce or avoid greenhouse gas emissions.