{"id":377791,"date":"2024-11-11T17:21:27","date_gmt":"2024-11-11T20:21:27","guid":{"rendered":"https:\/\/anba.com.br\/?p=377791"},"modified":"2024-11-11T17:23:37","modified_gmt":"2024-11-11T20:23:37","slug":"cop29-nations-approve-un-rules-on-carbon-markets","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/cop29-nations-approve-un-rules-on-carbon-markets\/","title":{"rendered":"COP29: nations approve UN rules on carbon markets"},"content":{"rendered":"\n

Baku – Governments at the United Nations Climate Change Conference (COP29) talks approved Monday (11) new United Nations (UN<\/a>) standards for international carbon markets in a key step toward allowing countries to trade credits to meet their climate targets.<\/p>\n\n\n\n

On the opening day of the UN climate talks in Azerbaijan, nearly 200 nations agreed a number of crucial ground rules for setting a market in motion after nearly a decade of complex discussions.<\/p>\n\n\n\n

COP29 president Mukhtar Babayev hailed the “breakthrough” but said more work was needed.<\/p>\n\n\n\n

Other key aspects of the overall framework still need to be negotiated, experts said, but the decision brings closer a long-sought UN-backed market trading in high-quality credits.<\/p>\n\n\n\n

“It’s hugely significant,” Erika Lennon, from the Center for International Environmental Law (CIEL), told AFP in Baku, saying it would “open the door” for a fully-fledged market.<\/p>\n\n\n\n

Carbon credits are generated by activities that reduce or avoid planet-heating greenhouse gas emissions, like planting trees, protecting carbon sinks or replacing polluting coal with clean-energy alternatives.<\/p>\n\n\n\n

One credit equals a tonne of prevented or removed heat-trapping carbon dioxide.<\/p>\n\n\n\n

Since the Paris climate agreement in 2015, the UN has been crafting rules to allow countries and businesses to exchange credits in a transparent and credible market.<\/p>\n\n\n\n

The benchmarks adopted in Baku will allow for the development of rules including calculating how many credits a given project can receive.<\/p>\n\n\n\n

Carbon Market<\/h2>\n\n\n\n

Once up and running, a carbon market would allow countries – mainly wealthy polluters – to offset emissions by purchasing credits from nations that have cut greenhouse gases above what they promised.<\/p>\n\n\n\n

Purchasing countries could then put carbon credits toward achieving the climate goals promised in their national plans.<\/p>\n\n\n\n

Reproduction is prohibited.<\/strong><\/p>\n\n\n\n

Read more:
<\/em>Brazil\u2019s private sector to participate in COP29
<\/a><\/p>\n

\u00a9Alexander Nemenova\/AFP<\/div>","protected":false},"excerpt":{"rendered":"

The 200-odd countries participating in the United Nations Climate Change Conference in Azerbaijan approved this Monday (11) the UN\u2019s new rules for the carbon credits market.<\/p>\n","protected":false},"author":2345,"featured_media":377787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[103],"tags":[50989,25813,5399,49073,6252,36258,34379,48900],"class_list":{"0":"post-377791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sustainability","8":"tag-baku-2","9":"tag-carbon-market","10":"tag-climate-change","11":"tag-cop29-2","12":"tag-global-warming","13":"tag-mercado-de-carbono-en","14":"tag-onu-en","15":"tag-un-2"},"wps_subtitle":"The 200-odd countries participating in the United Nations Climate Change Conference in Azerbaijan approved this Monday (11) the UN\u2019s new rules for the carbon credits market. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/377791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2345"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=377791"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/377791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/377787"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=377791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=377791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=377791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}