Fueling Emission Reduction for Sustainability
The Carbon Credit Market is a critical tool for businesses and governments that aim to reduce their carbon emissions and achieve sustainability goals. Carbon credits represent a standardized unit of measurement for greenhouse gas emissions and can be traded like any other commodity.
The basic concept behind carbon credits is that each credit represents a reduction of one metric tone of CO2 emissions. Companies that emit carbon can purchase credits to offset their emissions and meet their regulatory requirements or emissions targets. Conversely, companies that have reduced their emissions can sell their credits to generate revenue and promote sustainability.
The Carbon Credit Market has experienced significant growth in recent years, with the total value of transactions reaching billions of dollars annually. A research conducted here and published by yahoo! finance here, The Global Carbon Credit market was valued at USD 760.28 Billion in 2021 and is expected to grow at a CAGR of 21.14% during the period of 2023-2028 and the demands for Carbon credits tend to increase. With the increase in demand in mind, Tupan Community Token is an easy to acquire currency for both companies and individuals to be able to take part in the carbon credit market without having to go through the unnecessary bureaucracy of the conventional market.
Dual Markets, One Mission:
Navigating the Compliance and Voluntary Carbon Credit Landscape
The market comprises two primary segments: the compliance market and the voluntary market. The compliance market consists of companies that must meet emissions targets under government regulations. These companies purchase carbon credits to offset their emissions and demonstrate compliance with the relevant regulations. In contrast, the voluntary market comprises companies that are not subject to regulatory requirements but choose to purchase carbon credits as part of their sustainability strategy or to demonstrate their environmental commitment.
Ensuring the accuracy and validity of carbon credits is a significant challenge. Various certification and verification schemes have been established to address this issue, with independent auditors verifying emissions reductions and issuing the corresponding credits. Currently Tupan’s CO2 certificates are verified by the Gold standard.
Overall, the carbon credit market plays a crucial role in driving sustainability and reducing carbon emissions, and Tupan simplifies positioning in this highly profitable market for individuals and companies to be a part of the fight for a wealthy and sustainable planet!
