Carbon Credits Lifecycle
Tracing the Lifecycle Stages of a Carbon Credit
A carbon credit is also referred to as a carbon offset in the voluntary carbon market. Individuals or firms can use the credits to voluntarily offset their carbon emissions.
Each credit represents a tonne of carbon reduced or prevented from entering the air.
As such, offsets act as a means that help tackle climate crises while allowing different entities to use them, regardless of location.
The life of a carbon offset goes through four general stages:
1) Development
2) Validation/verification
3) Registration & issuance
4) Retirement
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