Funding hitch risks delaying UN-backed carbon market's launch
Published on: Nov. 19, 2025, 7:05 p.m. | Source: Devdiscourse
Once the market is up and running, the $30 million used to keep the market afloat would also eventually be transferred to this climate adaptation fund. DISAGREEMENT OVER WHEN OLD SCHEME SHOULD CLOSE Inside the COP30 talks, some countries are ready to close the old U.N. scheme in a matter of months and shift the leftover $30 million to the new carbon market, the sources told Reuters. Other governments prefer to keep the old scheme open longer - potentially, for two more years - to give them more time to transfer old credits out of that scheme, negotiators said.
