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The carbon market and the responsibility to respond to climate change
Carbon credits were created to provide financial incentives to reduce greenhouse gas emissions and promote sustainable development. Individuals, companies, and governments can buy carbon credits to offset their greenhouse gas emissions or sell them for financial gain. Carbon credits were first mentioned in the Kyoto ...
Hong Van
Environmental working group proposes carbon trading system
On February 21, Michael DiGregorio, head of the VBF’s Environment Working Group emphasised the proposal for the European Commission’s Carbon Border Adjustment Mechanism (CBAM), which is meant to contribute to the achievement of climate neutrality by 2050 and is expected to play an increasing role ...
