120. Trading up: How carbon markets can help development and the planet

The Weekly Tradecast looks at how carbon markets can help the most vulnerable countries address inequalities and protect the planet with UN Trade and Development’s (UNCTAD) Paul Akiwumi and Jean-Paul Adam from the UN Office of the Special Adviser on Africa. Least developed countries (LDCs) suffer much of the human and economic toll of climate change – even though they do little damage themselves. To help them, UNCTAD's latest report on LDCs looks at how the trading of carbon to mitigate climate change can also open up extra funds for development. Carbon trading seeks to limit emissions by allowing production in one place, such as a factory, to be offset against reductions in another place. But critics say it gives rich countries a licence to pollute and that many developing countries see few benefits. How can carbon trading help support sustainable and inclusive growth? Tune in to Paul Akiwumi and Jean-Paul Adam to find out.