At COP29 in Baku, nations established new regulations for the carbon credit market, a long-controversial mechanism aimed at reducing greenhouse gas emissions. The updated framework, nearly a decade in the making, sets criteria for generating and trading carbon credits derived from various environmental projects. Critics, however, remain skeptical about the effectiveness of this system, pointing to concerns over potential fraud and inadequate regulation. Experts argue that without rigorous standards, carbon credits risk undermining genuine emission reduction efforts. Ongoing scrutiny highlights the challenges faced as the world grapples with climate change solutions.