Article 6.4 and the New Standards for the Carbon Market: Lessons from COP29
The 29th United Nations Climate Change Conference (COP29) marked a pivotal moment in global climate policy by establishing a new carbon market framework under Article 6.4 of the Paris Agreement. Held in Baku, Azerbaijan, this conference saw the approval of stringent rules for international carbon trading, providing a transparent and reliable framework for the use of carbon credits by countries and companies.