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 credit Taskforce on Scaling Voluntary Carbon Market, Ecosystem Marketplace, Refinitiv, Verra, Greenhouse Gas Management Institute, Stockholm Environment Institute and McKinsey.

Kenneth Lim

Published Mon, May 23, 2022 · 05:50 AM

klcarbon-explainer.pdf

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.