FAQs
What are carbon credits?
Carbon credits are certificates that represent the reduction or removal of one metric tonne of CO2.
What is the difference between compliance and voluntary carbon markets?
Compliance markets are regulated by government mandates, which require entities to adhere to various emission targets. This is different from Voluntary markets which operate outside of regulations, and allow companies to voluntarily offset their emissions by purchasing carbon credits.
How do carbon credits work?
When an entity purchases a carbon credit, it funds a project that reduces CO2 emissions. This compensates for the buyer's own emissions, and effectively balances their carbon footprint.
Can individuals purchase carbon credits?
Yes! Individuals can purchase carbon credits to offset their personal carbon footprints, individuals can purchase carbon credits in order to contribute to their own offsetting goals.
What is the role of carbon credits in achieving net-zero emissions?
Carbon credits play a role in compensating for emissions that are difficult to eliminate. They are part of a broader strategy that includes reducing emissions at the source and investing in sustainable practices.
How are Carbon Credits verified?
Independent third-party organisations verify carbon credits to ensure that the emission reductions are real, additionally, measurable, permanent and not double-counted.