Carbon Credit Գին

What is Carbon Credit?

Carbon credit is a form of currency that can be traded between companies and organizations to offset their carbon emissions. It is a way for businesses to reduce their environmental impact by investing in projects that reduce or sequester greenhouse gas emissions. By doing so, they are able to meet their carbon reduction targets and demonstrate their commitment to sustainability. Carbon credits are generated through the Clean Development Mechanism (CDM) which allows developed countries to invest in projects in developing countries that reduce emissions.

The value of a carbon credit depends on the market price, but it can range from $0.50 to $20 per tonne of CO2 equivalent. The credits are bought and sold on exchanges such as the Chicago Climate Exchange (CCX), European Climate Exchange (ECX) and the World Bank’s Carbon Pricing Leadership Coalition (CPLC). Companies can also purchase offsets directly from project developers.

Carbon credits have become increasingly popular as governments around the world look for ways to combat climate change. They provide an incentive for companies to invest in clean energy technologies, such as renewable energy sources like wind and solar power, as well as energy efficiency measures like insulation and LED lighting.

In addition, carbon credits help fund projects that protect forests, restore wetlands, capture methane from landfills, or promote sustainable agriculture practices. These projects not only reduce greenhouse gas emissions but also benefit local communities by providing jobs and improving air quality.

At CCToken we make it easy for businesses to purchase carbon credits with our simple online platform. Our mission is to help create a more sustainable future by enabling companies to offset their emissions and support green initiatives around the world.