Tag: Carbon Credits

Reflorestation

COP29 Breakthrough

COP29 Breakthrough

November 18, 2024

Global Carbon Market Takes Shape eyesonproject Amsterdam/Baku 16 november 2024– At COP29 in Baku, nearly 200 governments agreed on a UN-led global carbon market under Article 6.4 of the Paris Agreement. This system simplifies carbon credit trading, fostering climate project funding in developing nations. It replaces the Kyoto Protocol’s Clean Development Mechanism, aiming for transparency and…
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Hess Signs $750M REDD+ Carbon Credits Deal with Guyana

July 17, 2023

Hess Corporation, an American company, has made an agreement with Guyana to purchase REDD+ carbon credits worth $750 million over the next ten years. This deal aims to provide support for the protection of Guyana’s Amazonian rainforests. Hess Corporation is an internationally recognized energy company with a focus on the exploration and extraction of crude…
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