As global warming/climate change/global temperature rise intensifies, finding solutions to mitigate our carbon footprint becomes paramount. Carbon credits, a key instrument in this fight, offer a market-based approach to incentivize emissions reductions. These tradable permits represent the right to emit a certain amount of greenhouse gases, creat

Carbon credits are an instrument for reducing greenhouse gas emissions. They signify the permission to release a specific volume of carbon dioxide or other emissions. Companies that overshoot their emission limits can acquire these credits from companies that have decreased their emissions under their assigned limits. This mechanism creates a finan