Nigeria, Nov. 12 -- Countries (Parties) participating at the ongoing United Nations Climate Change Conference in the capital city of Azerbaijani, Baku, have reached a consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement.
This was disclosed in a statement published Monday on the website of the conference organisers.
"Today, Parties assembled for the first day of the UN Climate Change Conference achieved a critical early success by reaching consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement," the statement said.
It said the move will enable climate action by increasing demand for carbon credits and ensure that the international carbon market opera...