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COP28 Fails to Reach Carbon Trading Deal
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COP28 fails to reach a deal on carbon offsetting and trading due to EU's rejection of a proposed plan. The failure means the trading system is delayed after eight years since the Paris Agreement's proposal. Negotiations are set to resume in 2024, with a potential deal in 2025.
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How might the delayed carbon trading system impact global efforts to combat climate change?
How might the failure to reach a deal at COP28 affect international cooperation on climate change?
What measures can be taken to address the EU's concerns about the U.N.-run system?
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