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What COP 29 means for carbon removals

Leading women at the conference gather for a group photo on day ten at the UNFCCC COP29 Climate Conference on November 21, 2024 in Baku, Azerbaijan.
Photo: Sean Gallup/Getty Images

Lukas May explains what has been agreed, and the practical implications for buyers and sellers of carbon removal credits.

COP29 at Baku has just wrapped. The big headline was a last-minute deal for $300 billion a year to help developing countries deal with climate change. The other major breakthrough at this COP was on carbon markets, also known as Article 6. It didn’t get as many column inches, but

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