Carbon credits market to grow at 17.8% CAGR, reaching $2436.2bn by 2034, while UN taskforce opposes using credits for emissions offsetting.
Carbon credits market size expected to grow at a CAGR of 17.8% between 2024-2034, reaching $2436.2 billion by 2034. The UN taskforce opposes the use of voluntary market credits to offset emissions, suggesting companies should focus on reducing their own emissions rather than relying on trading. Carbon credits represent activities like reforestation, renewable energy production, and energy efficiency that reduce, avoid, or sequester GHG emissions.
July 23, 2024
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