COP29 makes the case for a carbon removal duration based pricing model
COP29, held in Baku, left many disappointed, particularly those advocating for wealthier nations to provide substantial compensation to vulnerable countries. However, two key agreements emerged: one addressing the $300 billion climate finance agreement, and another on carbon credit trading standardization. The $300 Billion Climate Finance Agreement The first agreement finalized at COP29 commits wealthier nations […]
COP29 and the Trillion-Dollar Question for Carbon Markets
The stakes are high at COP29, where global climate negotiators are grappling with an immense challenge: securing the financial commitments needed to tackle climate change effectively. This year’s discussions center on a critical issue, the scale and structure of financial support for global climate aid and carbon markets. With the clock ticking, here’s why COP29 […]
A ray of hope at COP29 in Baku
COP29 opened this week in Baku, Azerbaijan, amid geopolitical tensions and diplomatic challenges. Governments are meant to hammer out a climate finance agreement, although expectations have been muted by Donald Trump’s U.S. election win and his campaign promise to pull the U.S. out of the Paris Climate Agreement COP21, the global accord aimed at capping global warming at […]
