Global Carbon Credit Market Is Estimated To Witness High Growth Owing To Opportunity In Reducing Greenhouse Gas Emissions
Carbon credits, also known as carbon offsets, represent the reduction or avoidance of 1 ton of carbon dioxide or its equivalent in other greenhouse gases. They incentivise emission reductions and compliance with emission caps through a trading system. Industries can purchase carbon credits to partially or fully offset their own emissions. With rapid industrialisation and rising emissions...
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