COP28: Voluntary Carbon Markets redesign an urgency

Having metamorphosed into “the elephant in the room”, climate experts say the subject should be huge at the upcoming UN Climate Change Conference of the Parties 28 (COP28), which will be held in the United Arab Emirates (UAE) from the end of November 30 to December 12.

A carbon credit or offset credit is a transferrable financial instrument (i.e. a derivative of an underlying commodity) certified by governments or independent certification bodies to represent an emission reduction that can then be bought or sold.