COThe Colombian government, one day before the end of its term, issued a decree regulating the carbon credit market. The regulation was requested by various sectors due to legal ambiguities causing irregularities in projects related to transparency, double accounting, and community conflicts. The decree designates the Ministry of Environment as the coordinating entity, granting it authority to set technical guidelines, define methodologies, and oversee the market. It requires projects to demonstrate verified emission reductions or gas removals, engage local communities and indigenous groups, and ensure compliance with national climate goals. The decree also allows for extended project periods and includes updated Nationally Determined Contributions (NDC 3.0) to align with climate targets.
Bias read (Center): The article presents the regulatory changes as a governmental action addressing long-standing requests from different sectors. While the topic involves environmental policy and government action, the framing remains neutral, presenting both the necessity of regulation and the specifics of the decree
