💨 Abstract

Bolivia plans to sell $5 billion worth of carbon offset credits to combat deforestation and finance its economy. The credits will be compliant with the Paris Agreement rules and can be purchased by foreign countries to meet their own climate targets. The revenue generated will help Bolivia reach its goal of ending deforestation by 2030 and achieving net-zero emissions by 2050.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖