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International Business Times
International Business Times
Science
Nathalie ALONSO, with Kelly MACNAMARA in Paris

World Approves UN Rules For Carbon Trading Between Nations At COP29

United Nations COP29
Carbon credits are generated by activities that reduce or avoid planet-heating greenhouse gas emissions, like planting trees or replacing polluting coal with renewable energy (Credit: AFP)

New rules allowing wealthy polluting countries to buy carbon-cutting "offsets" from developing nations were agreed at UN climate talks Saturday, in a move already raising fears they will be used to greenwash climate targets.

This decision, taken during extra time at the COP29 conference, is a major step forward in a thorny debate that has dragged through climate talks for years, and diplomats broke into applause when the decision was gavelled.

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