Increased collaboration (and scrutiny) for carbon markets at COP28
Several announcements made over the last two days at COP28 in Dubai suggest that carbon finance is an increasingly popular mechanism to support the world’s transition to net zero.
A pilot uses carbon credits to retire a coal project early, carbon credit standards join forces to increase the positive impact of carbon markets and 10 corporate giants back a US-led carbon offsetting scheme, as regulators propose increasing carbon market scrutiny at COP28.
Several announcements made over the last two days at COP28 in Dubai suggest that carbon finance – which allows activities that mitigate or avoid emissions to receive funding through the use of carbon credits that can be purchased by polluters to offset emissions – is an increasingly popular mechanism to support the world’s transition to net zero.
