The standards organisation accused of approving “worthless” credits last year got an endorsement for meeting the ICVCM's quality criteria. The carbon market outlook remains unclear, with Indonesia recently censuring a huge forest project.
As COP29 president Mukhtar Babayev outlines climate plans for the upcoming negotiations during the Petersberg Climate Dialogue in Berlin, Azerbaijan president Ilham Aliyev said at the same event that it won’t stop investing in oil and gas.
Key asks include looking into having two new nature parks, along with explicit safeguards for the airspace above and earth under protected areas – after an upcoming subway line was allowed to run under gazetted forests years ago.