The UN climate conference COP28 is in full swing, and officials from around the world are discussing ways to combat climate change. The agenda includes questions around how to regulate a market that could soon take off — carbon credits. Right now, these credits serve as a way for private buyers, such as companies and individuals, to offset their emissions. But countries may be able to start using these too. FT climate reporter Kenza Bryan explains the risks that could come with this market expanding.

Clips from CNBC, The National

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For further reading:

The looming land grab in Africa for carbon credits

The cheque book COP: UAE’s $200bn bid for climate influence

Scandal bares the problems of the Amazon carbon credit market

Special report: Decarbonisation

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On X, follow Kenza Bryan (@KenzaBryan) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Could COP28 catapult the carbon credit market?

Behind the Money