Nations across the Global South face a pressing dilemma: balancing economic growth with the urgent need to reduce climate pollution. As climate change continues to cause widespread disruption, it’s crucial for these countries to develop sustainably, which requires substantial financial resources.

Carbon markets, where companies buy credits to fund projects like clean energy and forest conservation, present a viable solution. Success stories from countries like Guyana and Ghana show how these markets can benefit local communities and support sustainable development. Despite past flaws, improved guidelines and market reforms offer hope.

To realize the potential of carbon markets, we need innovative funding approaches, corporate commitment to reducing emissions, and strong support from the environmental community.

For more insights and detailed analysis, we invite you to read the full article published by Time magazine: https://time.com/collection/time-co2-futures/6977413/carbon-markets-global-south/