On paper, carbon trading should help finance environmental projects and fight climate change, but years of debate and blurry standards have turned the initiative into a pollution enabler for the richest countries.
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As the host of the next UN climate summit, Azerbaijan is positioning itself as a peacemaker, calling for the end of conflicts that “worsen climate change.” But this stands in stark contrast to the country’s commitment to increase gas and oil production and its record of military aggression against Armenia.