COP30: EU backs global carbon market alliance to crack down on CO2 emissions
The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon markets to finance global climate action. Critics argue the decision could undermine domestic climate ambition and jeopardise financing for restoring natural carbon sinks.
The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon markets to finance global climate action. Critics argue the decision could undermine domestic climate ambition and jeopardise financing for restoring natural carbon sinks.
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