COP29 and Carbon Markets

Carbon markets are pivotal in the global effort to reduce greenhouse gas emissions, with over 75 carbon pricing regimes worldwide. However, the voluntary markets have primarily driven project-based credits in recent years. As we approach COP29, the focus shifts to how these markets can be strengthened and expanded. In this episode, we talk to Fenella Aouane, Director and Head of Carbon Pricing at the Global Green Growth Institute, about the role of compliance mechanisms, the impact of international agreements, and the challenges and opportunities in scaling carbon markets. Fenella shares insights from her extensive experience, including her work with governments to implement effective carbon pricing strategies and the potential of Article 6 to unlock new market opportunities. Join us as we delve into the complexities of carbon markets, the expectations for COP29, and the innovative solutions being proposed to enhance global carbon trading systems.See omnystudio.com/listener for privacy information.