Carbon offsets have emerged as a popular mechanism for businesses and individuals aiming to mitigate their carbon footprints. However, the market for carbon offsets has been riddled with controversy, ranging from concerns about their effectiveness to issues of transparency and accountability. Recently, The Biden Administration, along with the U.S. Securities and Exchange Commission (SEC) has proposed federal guidelines to regulate…
Introduction Carbon credits are an essential tool in the fight against climate change, providing financial incentives for reducing greenhouse gas (GHG) emissions. These credits are increasingly being leveraged to support global development by funding sustainable projects and fostering economic growth in developing countries. This article explores how carbon credits are monetized, their role in promoting global development, and how organizations…
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