Negotiators at the ongoing U.N. climate talks in Baku, Azerbaijan, have adopted a controversial provision on carbon trading that critics say will enable rich countries and companies to simply pay to continue emitting.
The adoption of Article 6 from the Paris Agreement will outline ways that countries and companies can trade emissions on a carbon market, which the World Bank Group, responsible for delivering climate finance to developing countries, calls a “game changer.” The U.N. Trade and Development agency similarly describes the carbon market as a “powerful tool.”
This story was produced as part of the 2024 Climate Change Media Partnership, a journalism fellowship organized by Internews' Earth Journalism Network and the Stanley Center for Peace and Security. It was first published in Mongabay on November 20, 2024. It has been lightly edited for length and clarity.
Banner image: Tools4Youth Marketplace / Credit: UNClimate Change, Habib Samadov via Flickr
David Akana
