Unveiling India’s Carbon Credit Revolution: From Local Initiatives to Global Impact – Stepping Ahead of the World
Carbon credits serve as a potent market-driven incentive, effectively catalyzing the reduction of greenhouse gas (GHG) emissions. These credits operate within the framework of international agreements such as the Kyoto Protocol and the Paris Agreement, thriving within carbon markets where projects designed to curtail emissions yield tradeable credits. These credits, in turn, can be purchased by entities seeking to offset their own emissions, thereby showcasing their unwavering commitment to fostering sustainability. The proportion of global annual greenhouse gas emissions covered by carbon credits has risen from 5% in 2005 to 22% in 2022.
