Last week’s COP29 negotiations finally resulted in a deal for carbon markets; however, questions remain about market integrity. The latest rules will see the UN oversee the market, but campaigners are concerned the rules will continue to enable the trading of credits that have little to no environmental impact. Bloomberg covers the story.
Elsewhere, 11 Republican-led states in the US are suing BlackRock, State Street and Vanguard, claiming they conspired to curtail coal supplies which has harmed energy production and hurt consumers. The move is the latest in the anti-ESG movement, which has seen Republican politicians boycotting money managers. The Financial Times covers the story.
