Carbon credits at the center of discussions: the UN imposes new standards at COP29

Carbon credits, a concept introduced in the 2015 Paris Agreement, allow countries and companies to buy emission reductions from other entities to offset their own carbon dioxide (CO2) emissions. Through Article 6 of this agreement, stakeholders can acquire carbon credits generated by forest preservation projects or the replacement of fossil fuels with renewable energy sources. However, since its introduction, this mechanism has drawn criticism, especially regarding transparency and the actual effectiveness of the offsetting.