Is “Carbon” Becoming the New Currency?
Climate change demands a united global front, carbon trading systems are emerging as a powerful weapon in this fight. These systems create a market for carbon emissions, incentivizing companies to minimize their footprint and accelerate the transition to a sustainable future.
Explore the Carbon Trading: What is an Emissions Trading System (ETS)?
An emissions trading system sets a limit on the total amount of greenhouse gas emissions that can be released within a specific region or industry. This limit is divided into tradable allowances, essentially permits to emit a certain amount of carbon dioxide equivalent. Companies that can reduce their emissions below their allocated allowances can sell their surplus allowances to companies that struggle to meet theirs.
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