How to Make Carbon Pricing Effective

COP29 marked a significant milestone with the operationalization of a global carbon credit market under Article 6 of the Paris Agreement. These rules will improve transparency and credibility in carbon trading, offering a foundation for a more consistent global pricing framework. Building on this progress, how can we ensure that the advancements made at COP29 lead to a truly global and effective carbon pricing system that fosters greater government and private sector participation?