Global Carbon Market Deal Reached Amid Climate Summit Challenges
TL;DR Summary
At the COP29 climate summit, a global carbon trading deal was agreed upon, allowing for UN-governed markets to trade carbon emissions credits. This development aims to help developing countries adapt to climate change and assist major polluters in reducing emissions. Despite this progress, concerns arise as US President-elect Donald Trump threatens to reverse climate policies, potentially withdrawing from the Paris Agreement. However, US climate adviser John Podesta remains hopeful that existing green energy subsidies will persist, even under Trump's administration.
- Global carbon trading deal agreed even as US warns climate fight may be on ‘back burner’ Financial Times
- Climate talks open with calls for a path away from the 'road to ruin.' But the real focus is money The Associated Press
- At U.N. climate talks, many leaders take a pass on an ‘unmissable’ moment The Washington Post
- COP29 countries endorse global carbon market framework Reuters
- The Trump shadow hanging over Baku Financial Times
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