United Nations – The Least Developed Countries Report 2024: Leveraging Carbon Markets for Development

The United Nations Conference on Trade and Development (UNCTAD) released "The Least Developed Countries Report 2024: Leveraging Carbon Markets for Development," examining how least developed countries (LDCs) can utilize carbon markets to support sustainable development and economic growth. The report highlights the untapped potential of carbon markets in LDCs, emphasizing the need for international support to overcome barriers such as limited access to finance and technology. It discusses the role of carbon offset projects in attracting investment, promoting green structural transformation, and contributing to global climate action. The study also addresses challenges like ensuring environmental integrity, equitable benefit-sharing, and aligning carbon market mechanisms with national development priorities. By providing policy recommendations and case studies, the report aims to guide LDCs and their development partners in effectively leveraging carbon markets for sustainable development.