The Carbon Offset/Carbon Credit Market has experienced significant growth as demand for sustainable practices continues to surge worldwide. Carbon offsetting, a practice aimed at mitigating greenhouse gas emissions, has become increasingly factors including increased awareness, regulatory initiatives, and corporate commitments to environmental sustainability.
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The carbon offset market includes offerings such as carbon offsetting and carbon compensation that provide solutions for effective carbon accounting and balancing the carbon footprint. Carbon offsetting is a system adopted by governments, industries, and individuals to balance their greenhouse gas emissions with emission removal projects. Projects undertaken for carbon offsetting include...
Carbon offsets work on the principle of decreasing the corresponding amount of carbon dioxide from the atmosphere to balance out the emissions produced by human activities that add to climate change. When people, businesses, or organizations use industrial processes to discharge greenhouse gases into the atmosphere, they increase the concentration of carbon dioxide and other greenhouse gases,...