A new global carbon trading market could be held hostage by speculators
13 Dec 2024
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| Photo by NOAA on Unsplash |
Our planet’s future hangs in the balance due to the unabated greenhouse gas emissions from burning fossil fuels. Treating these emissions as something that can be owned and exchanged in a market has been touted as a solution since the early 1990s, when UN negotiations to agree a limit to global heating began. At the latest round of talks in Azerbaijan, countries finally agreed rules for a global carbon credit market.
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