UN aims to set standards for scandal-hit carbon markets
Los Angeles, United States (AFP) Nov 8, 2024
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Carbon credits are generated by activities that reduce emissions, like tree planting or replacing polluting coal with renewable energy, but buyers have long relied on unregulated markets shaken by h
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Carbon credits are generated by activities that reduce emissions, like tree planting or replacing polluting coal with renewable energy, but buyers have long relied on unregulated markets shaken by h