Negotiators at the COP29 climate conference in Baku reached a historic agreement on global carbon credit trading rules, ending nearly a decade of debate over the system.
The deal establishes a framework allowing countries and companies to buy carbon credits for reducing or removing greenhouse gas emissions elsewhere and count these reductions toward their own climate goals.
Supporters believe the agreement brings much-needed clarity for nations and businesses aiming for net-zero targets. They argue it could channel billions of dollars into environmental projects.
However, critics highlight flaws in the rules, unresolved after years of discussion. They warn the system might allow countries and companies to continue polluting while claiming offsets.
