The Article 6.4 mechanism under the Paris Agreement has been approved on the first day of the summit. The COP presidency called this an early win, but the fast-tracked process has drawn criticism from civil society and legal experts.
How much could a new climate finance goal amount to? How many delegates will attend the summit this year? Eco-Business explores which numbers matter at the world’s biggest climate conference that will kick off in Azerbaijan this week.
With key developments taking shape in the global carbon credit trade just a few weeks from COP29, experts say consensus will be crucial to helping Asian nations achieve their national determined contributions.