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Business Standard

COP27: Carbon credit revival a likely boon for developing nations

But 'greenwashing' fears abound

Topics
COP27 | Climate Change | Carbon emissions

Shreya Jai  |  New Delhi 

The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP Plc. (Photo: Bloomberg)

A decade back, the first and only global carbon-trading system collapsed with prices falling 85 per cent — from $20 to $3 in five years.

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Read our full coverage on COP27

First Published: Mon, November 14 2022. 06:10 IST

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