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carbon market is regaining confidence.

carbon market is regaining confidence.

ImpactDigger by ImpactDigger
January 23, 2023
in Carbon market
Reading Time: 1 min read
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The groundbreaking net zero school in the UK reaches its highest point of construction.

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Carbon credits are a form of financial instrument that is used to reduce the emissions of carbon dioxide and other greenhouse gases. They are created by international standards bodies such as Verra and Gold Standard, and are used by companies for international carbon credits to complement ACCUs (Australian Carbon Credit Units) and other national and regional emissions trading systems. Carbon credits are usually generated by projects that reduce emissions, such as renewable energy projects, energy efficiency projects, and reforestation projects. The credits are then sold to companies and governments, who use them to offset their own emissions. Carbon credits have become an important tool for helping to reduce global emissions and combat climate change. They provide an incentive for companies to invest in projects that reduce emissions, and can help to drive the transition to a low-carbon economy. Carbon credits also provide a financial incentive for companies to invest in renewable energy and energy efficiency projects, which can help to reduce emissions, create jobs, and support economic development. Carbon credits are an important part of the global effort to reduce emissions and combat climate change, and are likely to become increasingly important in the future.

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