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COP28 Holds Key to Global Carbon Market That Could Help Improve Offsets

(Bloomberg) Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Ha

Jay Mariyappan joins PetroChina International to lead its carbon and renewables division

Jay Mariyappan joins PetroChina International to lead its carbon and renewables division
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Global carbon markets face upheaval as nations remake the rules

The $2-billion market for carbon offsets is heading for a massive reset, as a growing number of sovereign governments announce their intention to tax, regulate or restrict trade in credits generated within their borders. The details vary, but from Indonesia to Kenya to Honduras, the goals are the same: Governments…

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