Carbon Credit Market
The carbon market allows for the purchase and sale of carbon credits. To offset their own emissions and achieve their sustainability objectives, buyers, such as businesses, governments, or individuals, buy carbon credits. Through specialized platforms or exchanges, the carbon credits are transferred from the seller to the buyer. When carbon credits are bought, they are usually retired or cancelled, making sure they cannot be used or traded again. Governments or regulatory bodies typically establish registries or tracking systems to record the issuance, ownership, and retirement .
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