Published on November 20, 2024 at 8:42 p.m. / Modified on November 20, 2024 at 8:42 p.m.
4 mins. reading
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Carbon credits are certificates worth a certain quantity of CO2 avoided.
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Current credits are criticized, in particular because they lead to only small reductions in greenhouse gas emissions.
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Switzerland is one of the few countries in the world that relies on carbon credits to achieve its official emissions reduction target.
Two days before the end of COP29, discussions between States are tense in Baku. No notable progress was obtained around the major issues of the conference, including the famous financial amount intended to help the countries of the South to fight against climate change. “Now is when the hardest part begins,” admitted the Azerbaijani coordinator of the negotiations, Ialtchine Rafiev, while the final text of the conference still seems out of reach. The next few nights promise to be short for the negotiators.
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