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Climate Summit in Baku Establishes Rules for Carbon Trading Amid Criticism

At the climate summit in Baku, Azerbaijan, countries reached an agreement on rules for creating and trading carbon credits after years of stalled negotiations. However, some nations expressed discontent over procedural changes that limited their ability to modify proposals. Critics, including experts from Carbon Market Watch, warn that the new system may perpetuate existing practices rather than significantly reduce emissions. The framework allows poorer nations to monetize their environmental efforts, while wealthier countries can offset unavoidable emissions. Despite this progress, key regulations remain to be finalized to ensure the market’s integrity.

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