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Climate change is one of the most pressing issues of our time.
The increasing levels of greenhouse gases in the atmosphere are causing severe environmental, economic, and social impacts.
The burning of fossil fuels for energy, transportation, and industrial processes is a major contributor to greenhouse gas emissions.
To mitigate the impact of climate change, the world needs to reduce its greenhouse gas emissions drastically.
Voluntary carbon markets are emerging as a popular mechanism for businesses and individuals to offset their carbon emissions.
This article will explore the impact of voluntary carbon markets on climate change.
What are Voluntary Carbon Markets?
Voluntary carbon markets are platforms that enable businesses, organizations, and individuals to purchase carbon credits or offsets to compensate for their carbon emissions.
Carbon credits are generated by projects that reduce or remove greenhouse gases from the atmosphere, such as renewable energy, energy efficiency, and reforestation projects.
The carbon credits are verified by independent third-party organizations and can be sold in the voluntary carbon market…
