This abstract provides a concise overview of the key concepts and strategies related to carbon credits and their trading mechanisms. Carbon credits play a crucial role in addressing climate change by incentivizing emissions reduction efforts and fostering a transition to a low-carbon economy. Carbon credits are used to offset emissions from various sources, such as power plants, factories, or transportation. They are often issued by governments or international organizations and can be bought and sold on carbon markets. One carbon credit is accepted as equivalent to 1000 kg of carbon dioxide. Carbon credit is the difference between the carbon emissions allowed and actually emitted carbon. The abstract summarizes the purpose and implementation steps of carbon credits, highlights various trading strategies, emphasizes their importance in global climate initiatives, and acknowledges the evolving nature of carbon markets.
Carbon credits, emissions reduction, GHGs, global climate initiatives, low-carbon economy
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