Carbon credits are:
1. Offset emissions by funding reduction projects
2. Buy, sell, or trade credits to meet targets
3. Promote sustainability practices
4. Support renewable energy initiatives
The process of carbon credits involves several key steps, from the initial emission of CO2 by industries to the sequestration of CO2 and the generation of carbon offset credits.
1. Emission and Measurement: Industries emit CO2 and measure their emissions using standardized protocols, verified by third parties. π
2. CO2 Reduction and Sequestration: Industries invest in renewable energy, reforestation, and carbon capture projects to reduce or sequester CO2. These projects are certified by independent bodies. πΏπ
3. Generation and Use of Carbon Credits: Verified CO2 reductions generate carbon credits, which industries trade or purchase to offset their emissions and meet regulatory targets. πΌπ±
In summary, carbon credits help industries measure, reduce, and offset CO2 emissions, supporting global sustainability. β
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