Carbon Credits: How Verified Offsets Support Global Net Zero Goals
Climate change initiatives are rapidly evolving. In 2024, the voluntary carbon market brought in funding of $16.3 billion . This demonstrates the seriousness with which the businesses are taking the necessary climate actions. Even more remarkable has been the increase in the percentage of high-quality retired credits . In 2024, 50 percent of retired credits met high-quality standards as opposed to 29 percent in 2021. This demonstrates the willingness of businesses to take the necessary steps to effect positive change to the environment. How then do carbon credits facilitate companies in achieving their net-zero goals ? In addition, why are verified emission reductions the most sought-after? Let’s unlock the truth! What Are Carbon Credits and Why Are They Valuable? Carbon credits are the currency of the climate change market. One carbon credit is equal to one metric ton of carbon dioxide . When a company purchases credits, its emissions are offset. This allows their emi...