Switzerland Lobbies at COP30 for More Carbon-Credit Trading

Switzerland is rallying support for a new international effort to boost carbon-credit trading under an emerging United Nations-backed mechanism, a move that would channel more funds to developing countries as traditional climate aid wanes.

The nation launched the Article 6 Ambition Alliance (AAA6) on Friday at the COP30 summit in Belém, Brazil. The group seeks to encourage governments and private companies to buy carbon credits that won’t be used to meet national emissions-reduction commitments.