VCM explainer
Why VCM is so interesting
Participating in the voluntary carbon market can be a way for companies to demonstrate their commitment to sustainability and take responsibility for their carbon footprint. It can also be a way for individuals to offset their own carbon emissions and act on climate change.
Carbon credits represent a reduction or removal of one ton of carbon dioxide (or its equivalent in other greenhouse gases) from the atmosphere.
For example, if a company wants to offset the emissions from its operations, it can purchase carbon credits from a carbon project that has reduced emissions by an equivalent amount. The company can then retire these credits, effectively cancelling out their own emissions.
Carbon projects can range from renewable energy projects, like wind or solar farms, to reforestation efforts, which remove carbon from the atmosphere as trees grow. The carbon credits produced by these projects can be bought and sold on voluntary carbon markets.
While voluntary carbon markets are not a substitute for reducing emissions directly, they can help organizations and individuals take responsibility for their carbon footprint and contribute to the fight against climate change.
These credits can then be sold on the voluntary carbon market to other companies or individuals who want to offset their own carbon emissions. By purchasing these credits, individuals or companies are essentially paying for the reduction or avoidance of carbon emissions that they themselves are responsible for.
Participating in the voluntary carbon market can be a way for companies to demonstrate their commitment to sustainability and take responsibility for their carbon footprint. It can also be a way for individuals to offset their own carbon emissions and act on climate change.
