ANNOUNCEMENTS
Carbon markets is emerging as an instrument to tackle the global rising carbon emissions. As nations grapple with the urgent need to address climate change, the market driven mechanisms, like emission trading schemes and carbon taxes, prove to be efficient in mitigating emissions by lowering the expense of emission reduction and encouraging investments in environmentally sustainable practices. Carbon credits or offsets give businesses an opportunity to offset the Greenhouse Gas (GHG) emissions generated and invest in projects that work on community welfare as well. thousands of carbon credit generating projects are registered in multiple registries globally. These projects follow various methodologies given by these registries, such as Clean Development Mechanism, Gold Standard, Verra and American Carbon Registry etc.
Carbon projects are also based on collaboration with local communities to reduce GHG emissions and aid sustainable actions, with additional benefits such as promoting local empowerment, creating sustainable jobs and improving the lifestyle of communities. There are multiple projects that are undertaken by various project developers, that work for community development and welfare in the global market. One of the most common and affective projects, that attract investors and credit buyers is water carbon credits under the Gold standard methodology names “emission reductions from safe drinking water supply”.
