DECRYPTION – The 29e The UN climate conference opened Monday in Azerbaijan with a tough agreement on the controversial carbon credit market, a key step in helping countries meet their climate obligations.
“It is time to show that global cooperation is not at a standstill,” launched the head of the UN Climate, Simon Stiell, on Monday at the opening of COP29 in Baku, Azerbaijan. From the first hours, however, the countries were already fighting over the official agenda of the 29e UN climate conference, finally adopted in the evening.
For the President of COP29 and Minister of Ecology of Azerbaijan, Mukhtar Babayev, the horizon has nevertheless brightened at the end of this first day. During the night, he managed to reach a first agreement by consensus on a very important but very technical issue, which has been lying around for years in the COP boxes: the definitive adoption of the rules for implementing a new global market for carbon, provided for in Article 6 of the 2015 Paris Agreement (which commits the world to limiting warming to 2°C compared to the pre-industrial era).
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