What is a Carbon Credit Platform?

Category: Cryptocurrency
26-Sep-2024 11:18 AM
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A carbon credit platform is a digital solution that allows businesses to track, transact, and manage carbon credits. These credits allow businesses to offset their greenhouse gas emissions by either reducing their own or gaining credits from other organizations. Companies that reduce their emissions to a certain level can sell the excess credits, while those that exceed the limit can purchase credits to remain compliant. The platform enables safe and transparent transactions, frequently using blockchain technology for exact tracking. Businesses can utilize a carbon credit platform to keep up with environmental laws, reduce their environmental impact, and contribute to global sustainability initiatives. It's a beneficial alternative for businesses wishing to help in the battle against global warming while also meeting their environmental objectives.

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