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On 14 November 2023, through Resolution 385/2023 of the Ministry of Environment and Sustainable Development (“Resolution“), the National Strategy for the Use of Carbon Markets (ENUMeC) was approved. The ENUMeC aims to promote the implementation of carbon markets and the development of projects that contribute to the mitigation and adaptation to climate change in Argentina, […]

The first-ever exchange of carbon credits between countries under a new Paris Agreement mechanism is facing criticism over whether the offsets deliver the emission reductions claimed. Switzerland has bought from Thailand the first batch of carbon offsets under the mechanism, created through the rollout of electric buses in the Thai capital Bangkok as part of a bilateral partnership. […]