Define the following terms: (a) Carbon Credit
CS Professional · CSR and Social Governance · PYQS · December 2024
Define the following terms: (a) Carbon Credit
Answer & Explanation:
A carbon credit is a certificate that represents the reduction of one metric ton of carbon dioxide or its equivalent greenhouse gas emissions. Companies or individuals can purchase carbon credits to offset their own emissions, supporting projects that reduce or sequester greenhouse gases, such as reforestation or renewable energy projects.
Topics: Environmental Governance
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