Decoding COP29 – Key outcomes on carbon markets and climate finance
The UN Climate Change Conference took place against a backdrop of escalating geopolitical tensions and political divisions, yet it marked a significant step forward for carbon markets. For the first time in nearly a decade, nations reached a consensus on the rules for international carbon trading under Article 6 of the Paris Agreement. World leaders also set new climate finance targets, with developed countries taking the lead in channeling at least $300 billion a year to developing countries by 2035, but many developing countries left the talks unimpressed. In this episode, Eklavya Gupte, Roman Kramarchuk, Jonty Rushforth, and Ivy Yin analyse these key developments and explore their implications for climate policy, carbon markets, and the wider energy transition. Links: Interactive: Platts Carbon Price Explorer