COP29: What is a carbon credit? What is Article 6?

November 9, 2024 5:02 PM

COP29: What is a carbon credit? What is Article 6?

Countries at the U.N. COP29 climate summit in Azerbaijan will attempt to agree rules for a global system for trading carbon offset credits. Here's what you should know: WHAT ARE CARBON OFFSETS? Some governments and companies may struggle to reduce their planet-warming greenhouse gas emissions to meet their climate targets. Supporters of carbon offsets see them as a key means to help meet these goals. These offsets allow one nation or company to offset some of their emissions by paying for ac...

Armenia hopes to sign peace articles with Azerbaijan within a month, president says

October 7, 2024 10:13 PM

Armenia hopes to sign peace articles with Azerbaijan within a month, president says

Armenia hopes to sign provisions of a peace deal with Azerbaijan in the next four weeks, a step that could ease tensions in the conflict-ridden South Caucasus, even as Baku has signalled that the process is stalled. The two countries have been engaged in peace talks for the past year, since Azerbaijan in September 2023 retook the former breakaway region of Nagorno-Karabakh after 30 years of de facto independence, prompting almost its entire ethnic Armenian population of around 100,000 to flee t...

US lawmaker Cuellar hit with bribery charges tied to Azerbaijan, Mexican bank

May 4, 2024 2:24 PM

US lawmaker Cuellar hit with bribery charges tied to Azerbaijan, Mexican bank

U.S. Representative Henry Cuellar and his wife were indicted for allegedly accepting close to $600,000 in bribes in two schemes meant to benefit an Azerbaijani state-owned energy company and an unnamed bank based in Mexico, court papers showed. The federal indictment, returned by a grand jury in Texas on Tuesday and unsealed on Friday, said the bribes were laundered through sham consulting contracts into shell companies owned by Imelda Cuellar, the Democratic congressman's wife, from December 2...