PARIS, France, Feb 26, 2026 (BSS/AFP) - The United Nations announced Thursday the approval of the first carbon credits under a global market aimed at reducing emissions, a mechanism that has faced scrutiny over greenwashing concerns. The UN-run market, established under the Paris climate accord, allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations. The 2015 Paris Agreement, which commits the world to limiting warming to well below 2C and ideally at 1.5C, also envisaged that countries could take part in cross-border trade of carbon reductions. New rules were agreed at the UN's COP29 climate summit in Azerbaijan in 2024 for the carbon market mechanism. But other environmentalists said that, while not perfect, it provided some clarity that was absent from global efforts to regulate carbon credits.

Source: Bangladesh Sangbad Sangstha February 26, 2026 07:04 UTC