After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed

By Kate Dooley, Senior Research Fellow, School of Geography, Earth and Atmospheric Sciences, The University of Melbourne

Negotiators at the COP29 climate conference in Baku have struck a landmark agreement on rules governing the global trade of carbon credits, bringing to a close almost a decade of debate over the controversial scheme.

The deal paves the way for a system in which countries or companies buy credits for removing or avoiding greenhouse gas emissions elsewhere in the world, then count the reductions as part of their own climate efforts.

Some have argued the agreement provides crucial certainty to countries and companies…

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