<
https://theconversation.com/after-nearly-10-years-of-debate-cop29s-carbon-trading-deal-is-seriously-flawed-244493>
"Negotiators at the COP29 climate conference in Baku have struck a landmark
agreement on rules governing the global trade of carbon credits, bringing to a
close almost a decade of debate over the controversial scheme.
The deal paves the way for a system in which countries or companies buy credits
for removing or reducing greenhouse gas emissions elsewhere in the world, then
count the reductions as part of their own climate efforts.
Some have argued the agreement provides crucial certainty to countries and
companies trying to reach net-zero through carbon trading, and will harness
billions of dollars for environmental projects.
However, the rules contain several serious flaws that years of debate have
failed to fix. It means the system may essentially give countries and companies
permissions to keep polluting."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
