An effective VCM reform could channel investment towards improving the efficiency of key household appliances, such as cookstoves, boreholes and other clean water solutions, they add.
The controversial carbon market deal that was struck just hours after the start of the UN climate conference COP29 in Baku, Azerbaijan last week is an “opportunity” for some emerging market sectors, says macroeconomic research firm BMI, a unit of Fitch Solutions.
In a Nov 14 commentary, BMI analysts say the deal on guidelines for launching global voluntary carbon markets (VCM) under Article 6.4 of the Paris Agreement would benefit rural households in India, mainland China, Kenya, Uganda and elsewhere in Sub-Saharan Africa.
