Navigating Carbon Markets: From Kyoto to Paris

This chapter explores the evolution of global carbon emissions management frameworks, contrasting the Kyoto Protocol's focus on developed nations with the Paris Agreement's flexible approach to emissions reductions through nationally determined contributions. It delves into Article 6, emphasizing the significance of international cooperation and financing mechanisms that enable developing countries to meet their climate targets. The discussion also addresses the complexities of carbon markets, the transition to compliance markets, and the impending challenges faced at COP29 regarding regulations and infrastructure for effective climate action.