COP28 holds key to global carbon market that could help improve offsets
Climate negotiators are set to decide on rules for a new UN-overseen emissions market. Read more at straitstimes.com.
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Climate negotiators are set to decide on rules for a new UN-overseen emissions market. Read more at straitstimes.com.
(Bloomberg) -- Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Ha
Poland’s restrictive laws block it from deploying half of the onshore wind that is necessary for Europe’s 2030 climate goals.
Carbon prices on the EU emissions trading scheme are currently rising too fast, making the market extremely volatile, but it seems the European Commission has no effective stabilising tool to tackle this, writes Robert Jeszke and Sebastian Lizak.