Argentine Senate approves national carbon market framework bill

Argentina's Senate has approved a national framework for carbon markets by 60 votes to two, sending the bill to the Chamber of Deputies. The legislation aims to establish clear rules for generating, registering, and commercialising carbon credits from projects such as forest conservation and renewable energy. It seeks to resolve previous legal ambiguities regarding credit ownership and cross-border trade, creating a national registry and allowing credits to be sold internationally. The framework is projected to unlock carbon credit exports worth $1.4 billion to $3.9 billion annually, aligning with Article 6 of the Paris Agreement and CORSIA.

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