Progress on carbon markets key for climate talks: Experts
Hindustan Times|October 30, 2023
Creating an official global carbon market that can help generate climate finance for developing countries would be one of the major issues to be discussed at the upcoming UN climate summit in Dubai, an official said. "We see carbon markets as a really important component of COP28. We are having a lot of discussions with parties on carbon markets and how we can revive them," an official from the United Arab Emirates said on Friday.
Jayashree Nandi
Progress on carbon markets key for climate talks: Experts

The UAE holds the presidency of the 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change, which will be held in Dubai from November 30. The parties denote nations that are signatories to the convention.

"For many years, they (carbon markets) have stagnated and that's mainly around integrity. It's about ensuring that there is confidence in the market," the official said. "That's how carbon markets are really going to make a difference." "It will be a major component of the finance story and an important way to raise the private capital that is needed to address the challenges that face us," he added. "We are encouraging parties both on the negotiation and non-negotiation side to deliver on shaping a carbon market."

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