Carbon markets are systems through which countries, organizations, or individuals buy and sell credits for greenhouse gas (GHG) emissions, specifically carbon dioxide (CO2) and other GHG emissions measured in terms of carbon dioxide equivalents (CO2e). Each credit represents the removal of one tonne of carbon dioxide or an equivalent amount of a different greenhouse gas from the atmosphere.
Carbon markets are designed to reduce global emissions through economic incentives. By putting a price on carbon emissions, carbon markets encourage polluters to reduce emissions and invest in cleaner technologies.
Compliance markets, also known as cap-and-trade systems, are established by governments or regional bodies to help meet legally binding GHG reduction targets.
Voluntary markets allow companies, governments, and individuals to purchase carbon credits on a voluntary basis. These markets cater to entities looking to offset their emissions as part of their corporate social responsibility strategies or to pre-empt future regulated carbon costs.
Keslio is an international sustainability advisory that helps companies and investors navigate their sustainability journey. We support our clients through various services, such as strategy development and implementation, reporting and communications, and greenhouse gas emissions calculations.
We’re passionate about supporting business leaders and their companies with sustainability and ESG and we’d love to help you. To talk to us and find out what Keslio can do for you, please use the section below to contact us, or email us at hello@keslio.com.
