A global carbon credits breakthrough at COP26 in Glasgow blew away any gloom from failing to phase out coal use, say many observers. Discussion at the UN climate conference had been dominated by soaring atmospheric carbon dioxide levels, largely from fossil fuels but exacerbated by global deforestation, notably in tropical rainforests like the Amazon’s – often called the “Lungs of the Earth”. But while COP26 failed to strike a coal deal, a carbon credit agreement could channel trillions of private sector dollars into protecting rainforests and farms, building renewable energy facilities and other projects to combat Climate Change and promote the circular economy needed to stabilise the Earth’s environment. FILE PHOTO: Carlos Roberto Sanquetta, a forestry engineering professor at ...
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