COP29
see moreCOP29 Approves Carbon Credit Standards, Paving Way for Global Market
Countries at COP29 in Baku approved carbon credit quality standards, paving the way for a U.N.-backed global carbon market to launch next year. The move aims to fund emission-reducing projects, though critics argue it lacks protections for impacted communities.
UN's COP29 Begins in Azerbaijan
The COP29 climate summit has begun in Baku, Azerbaijan, uniting global leaders to accelerate climate action, reduce emissions, and push toward the Paris Agreement goals.
Azerbaijan plans to introduce a green investment guideline at COP29
Azerbaijan will unveil a new set of sustainable investment standards at the COP29 U.N. climate talks, with support from over 100 countries. The Central Bank aims to simplify green finance and announce funding commitments for green projects by 2030.
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