How to create Geopandas buffers for locations around the World

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I have a location dataset (points long & lat) for events that happened around the World. I want to create 5km rings around these locations using Geopandas.buffer function. As explained in a previous post, I first transform to meters and then compute the buffers.

I realized that EPSG:32634 is not appropriate for every country. Do I have to manually pick the "best" projection for each point or is there a way to code this?

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