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flag The UN approved carbon credits for a Myanmar cookstove project, the first under the Paris Agreement’s new market system.

flag The UN has approved the first carbon credits under the Paris Agreement’s new market mechanism, tied to a clean cooking project in Myanmar that distributes efficient cookstoves to reduce wood use, indoor air pollution, and deforestation. flag Developed with a South Korean company, the project’s credits will help both nations meet climate targets. flag Emissions reductions are calculated 40% more conservatively than under the old system, boosting market integrity. flag The mechanism, established after COP29, aims to prevent greenwashing and supports verified global climate projects, though some groups remain cautious about loopholes. flag Over two billion people still lack access to clean cooking, highlighting ongoing challenges.

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