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Tag: carbon credits

Global carbon market gets green signal at COP29

Posted on November 12, 2024 By admin
Global carbon market gets green signal at COP29

Delegates at the COP29 U.N. Climate Summit on November 12, 2024, in Baku, Azerbaijan. | Photo Credit: AP Countries assembled in Baku for the annual climate conference, COP29, voted to clear a much-delayed agreement to finalise a global carbon market. Also Read: COP29 Day 2 LIVE updates Such a market would allow countries to trade…

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Big Win For Amazon Tribes Over Carbon Credits In Colombia

Posted on July 11, 2024 By admin
Big Win For Amazon Tribes Over Carbon Credits In Colombia

Carbon credits are bought by corporations to offset their greenhouse gas emissions. (File) Bogota: Colombia’s Constitutional Court on Wednesday annulled a controversial carbon credit deal in the Amazon rainforest, which six local tribes said had been signed without their consent. Indigenous communities living in the remote area of Pira Parana had accused US-based Ruby Canyon…

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