Benefits of carbon trading
Carbon markets help to channel financial resources to support emissionsreduction or removal activities globally, which would otherwise not beimplemented due to factors such as insufficient policy and economic incentives.
This accelerates climate action and advances global climate ambition,by unlocking cost-effective mitgation activities to realise the Paris Agreementgoal.
Carbon credits also provides various co-benefits to local communitieswhere the projects are hosted, such as sustainable development throughthe creation of green jobs, sustainable energy, environmental and biodiversityprotection, and climate adaptation and resilience.
Image credits: Unsplash – Andreas Gluckhorn, Eyyoel Kahseeh, JeyakumaranMayooresan. Workers planting tree. Solar Panels. Singapore bus at night.
