Within the voluntary market, demand for carbon offsets is generated by individuals, companies, organizations, and sub-national governments who purchase carbon offsets to mitigate their greenhouse gas emissions to meet carbon neutral, net-zero, or other GHG reduction goals. Since GHG reduction projects generate offset credits, this approach can be used to finance carbon reduction schemes between trading partners around the world. The goal is to allow market mechanisms to drive these sources towards lower GHG emissions. In these programs greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. One carbon offset or credit represents the reduction or removal of one ton of carbon dioxide or its equivalent in other greenhouse gases.Ĭarbon credits are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). Both offsets and credits are measured in tonnes of carbon dioxide-equivalent (CO 2e). a derivative of an underlying commodity) certified by governments or independent certification bodies to represent an emission reduction that can then be bought or sold. A carbon credit or offset credit is a transferrable financial instrument (i.e. A carbon offset is a reduction or removal of emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions made elsewhere.
0 kommentar(er)
