Safeguards for Carbon Markets – Prioritizing Local Communities’ Tenure Rights
The United Nations Development Program (UNDP) defines carbon markets as trading systems in which carbon credits are sold and bought. Companies or individuals can use carbon markets to compensate for their greenhouse gas emissions by purchasing carbon credits from entities that remove or reduce greenhouse gas emissions. One tradable carbon credit equals one tonne of carbon dioxide or the equivalent amount of a different greenhouse gas reduced, sequestered or avoided. When a credit is used to reduce, sequester, or avoid emissions, it becomes an offset and is no longer tradable.
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Authors
Hauer, M.,Kazungu, W.,Klümper, F.
Publication year
2023