To limit global warming to 1.5C above pre-industrial levels, global greenhouse gas emissions must be cut in half by 2030 and reach net zero by 2050. Business as usual is no longer an option and hitting net zero will require a massive shift across sectors, industries, and countries alike.
But getting there won’t be easy, and for some, it may be close to impossible. That’s where carbon credits come in.
The carbon market is expected to grow to USD 180 billion in 2030 and for those companies looking to reduce their carbon footprint and effectively reach net zero, carbon credits offer a relatively simple means to neutralise residual carbon emissions.
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