UNCTAD: Carbon trading markets can support global economic development

Cross-border carbon markets – in which private or public actors trade carbon credits to offset their emissions – have significant untapped potential for developing economies if governments distribute gains broadly and strengthen institutions, and if the environmental integrity of projects can be trusted, according to a new report from the United Nations Conference on Trade and Development. While the “expected positive outcomes will not happen automatically,” the agency’s 2024 “Least Developed Countries” report argues, the demand for international carbon markets...