Climate Warriors: Harnessing the Strength of Carbon Offsets and Credits for a Greener World [PDF]

Carbon offset and carbon credit are terms related to efforts aimed at reducing or mitigating greenhouse gas emissions to address climate change.

The Carbon Offset/Carbon Credit industry growth is projected USD 4994.3 Billion, exhibiting a compound yearly growth rate of 32.0% during 2023 - 2032.

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Top listed players analyzed to study this report are,

WGL Holdings, Inc.

EKI Energy Services Ltd (EnKing International)

Green Mountain Power

Native, Inc.

Cool Effect , Inc.

Clear Sky Climate Solutions

3 Degrees

Terrapass

Sterling Planet Inc.

Carbon Offset:

A carbon offset is a reduction in emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions produced elsewhere. It is essentially a way for individuals, businesses, or organizations to invest in projects that reduce or remove greenhouse gas emissions to balance out their own emissions. Carbon offset projects can include activities like reforestation, renewable energy projects, or methane capture from landfills. By purchasing carbon offsets, entities aim to achieve a "neutral" carbon footprint, meaning that their overall impact on the environment is effectively zero when considering both emissions and offsets.

Carbon Credit:

A carbon credit is a tradable permit or certificate that represents the right to emit a specific amount of greenhouse gases. It is a key component of cap-and-trade systems, where a government or regulatory body sets a cap on the total amount of greenhouse gases that can be emitted by covered entities, such as industries. These entities are then issued or must purchase a corresponding number of carbon credits. If a company emits less than its allocated limit, it can sell its surplus credits to other entities that exceed their limits. This creates a financial incentive for businesses to reduce their emissions and invest in cleaner technologies.

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carbon offsets are voluntary actions taken to compensate for emissions, often through supporting environmental projects, while carbon credits are regulatory instruments within cap-and-trade systems that facilitate emission reductions among covered entities. Both concepts aim to contribute to the overall goal of mitigating climate change by reducing the concentration of greenhouse gases in the atmosphere.