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Carbon Markets: Challenges, Opportunities, and Global Relevance

Syllabus: GS-3: Conservation , Groupings & Agreements Involving India and/or Affecting India’s Interests Focus: The climate conference in Baku, Azerbaijan, approved standards to establish an international carbon market by next year, reviving discussions on carbon markets as a tool to limit global emissions and combat climate change. Understanding Carbon Markets: Definition: Carbon markets facilitate the …