The carbon market has been grappling with concerns regarding transparency and accountability, largely because it can be challenging to ascertain the authenticity and standard of carbon credits. The global endeavor to decrease emissions and tackle climate change has resulted in the emergence of novel technologies and solutions — blockchain being one of the technologies garnering …
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Carbon credits are essential “net” in net zero to balance carbon accounts between emissions and reductions, said World Economic Forum.
Carbon credits are essential “net” in net zero to balance carbon accounts between emissions and reductions, said World Economic Forum.
The terms carbon offset and carbon offset credit (or simply carbon credit) are often used interchangeably, though technically they can mean slightly different things. A carbon offset broadly refers to a reduction in greenhouse gas (GHG) emissions – or an increase in carbon storage via land restoration, forest conservation or sustainable agriculture. A carbon offset is used to compensate for …
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Carbon credit is the generic term used for any certificate representing one ton of CO2 or any other greenhouse gas removed from atmosphere