COP29 agrees to set up carbon market post decision on Day 1
Mint Mumbai|November 13, 2024
India committed to reduce emissions intensity by 45% by 2030, create carbon sink of 2.5 to 3 billion tonnes of additional forests
Puja Das

A global carbon market will be set up after a landmark decision on the first day of the global climate summit in Baku, at the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change (UNFCCC).

The market will allow nations to trade carbon credits—certified reductions of carbon emissions—whose prices are determined by emission caps imposed by nations. The market follows from Article 6, a section in the Paris Agreement.

この記事は Mint Mumbai の November 13, 2024 版に掲載されています。

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この記事は Mint Mumbai の November 13, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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