Kick-start for carbon credit market after loose rules agreed at COP29

Roula Khalaf, Editor of the FT, highlights stories in Unlock the Editor’s Digest, including the UN climate summit’s final deal on carbon trading markets after almost a decade of negotiation. The agreement allows countries and companies to trade credits for emissions cuts, with oversight to prevent double-counting. Despite concerns about greenwashing and lack of net-zero alignment, the market could help finance climate needs in poorer countries.

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