The Global Carbon Offset/Carbon Credit Market was valued at USD 237.58 billion in 2022 and is estimated to reach approximately USD 2311.58 billion by 2031, at a CAGR of 28.8% from 2023 to 2031
Carbon offsets work on the principle of decreasing the corresponding amount of carbon dioxide from the atmosphere to balance out the emissions produced by human activities that add to climate change. When people, businesses, or organizations use industrial processes to discharge greenhouse gases into the atmosphere, they increase the concentration of carbon dioxide and other greenhouse gases,...
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