PARIS: Two weeks of relentless negotiating at COP28 failed to produce an agreement on carbon credit sales, relieving non-profits that had opposed the proposals on the table while stoking fears the regulatory void could escalate greenwashing. Just after COP28 president Sultan Al Jaber announced on Wednesday the historic deal to transition away from fossil fuels, he revealed the talks had failed to agree on a regulatory framework for carbon credits, sending policy advisors back to the drawing board for next year’s COP29 in Azerbaijan. Carbon credits allow corporations – or countries under certain conditions – to offset greenhouse gas emissions through projects that claim to absorb or store C
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