Carbon credit crash course
Many climate mitigation strategies rely on credits and offsets in the interim. Here’s a quick rundown on how they work.
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Carbon credits represent measurable amounts of greenhouse gases that have been kept out or removed from the atmosphere. They allow climate mitigating projects to access funding from those who want to offset the impact of their emissions.
Reduction credits represent more than 90% of the voluntary market, and are significantly cheaper than removal credits.
KEY PRINCIPLES FOR GOOD-QUALITY CREDITS
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There are broadly two types of markets for carbon credits.
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