By Kate Abnett and Sudarshan Varadhan

BELEM (Reuters) -Plans to launch a U.N.-backed global market for trading carbon offset credits have hit a snag at the COP30 summit, where governments are struggling to resolve a dispute over funding to get the market up and running, five sources told Reuters.

Governments have been working to launch a U.N.-backed global carbon market for a decade, and finally agreed rules at last year’s COP climate summit on a centralised U.N. trading system where countries and companies can buy CO2 emissions credits representing emissions reductions in poorer countries.

The idea is to let richer nations and companies count these emissions cuts towards their climate goals, and at the same time channel funding into CO2-cutting projects in developing nations. The marke

See Full Page