Voluntary Carbon Offset Market Booms Analysis Shows Increased Activity in Asia-Pacific natureworldnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natureworldnews.com Daily Mail and Mail on Sunday newspapers.
Researchers have conducted a worldwide analysis of voluntary carbon offset programs and identified trends into which types of carbon reduction technologies are selected and prioritized. Their findings provide important insights for policymakers to improve the effectiveness and credibility of the carbon offset market.
As humanity grapples with the fight against climate change, reducing greenhouse gas emissions is urgently necessary. One way to achieve this is through the carbon offset market, where organizations or individuals can buy credits from emissions-reducing projects.
A mandatory carbon market in Vietnam has been in the spotlight ever since the country vowed to reach net-zero emissions by mid-century a couple of years ago.
The world’s top fossil-fuel producers, carmakers and tech firms have used carbon offsets to cancel out pollution equivalent to the annual emissions of Finland over the past three years, Carbon Brief analysis reveals.