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COP29 sets new rules for cross-border carbon trading, potentially saving $250 billion annually for climate plans.
The EU is under pressure to enhance its Green Claims Directive to better align with existing frameworks, as urged by the environmental group Carbon Market Watch.
Meanwhile, a breakthrough at COP29 has established rules for cross-border carbon trading, potentially saving $250 billion annually for climate plans.
The World Bank reports that carbon pricing generated over $100 billion in 2024, with 80 instruments now globally active.
Additionally, investment in carbon capture and storage is forecast to soar to £60 billion by 2030, though it remains a small part of the net-zero strategy.
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La COP29 establece nuevas reglas para el comercio transfronterizo de carbono, lo que podría ahorrar $250 mil millones anuales para los planes climáticos.