What are Carbon Markets?

One step towards achieving Net Zero is reducing greenhouse gas emissions in the atmosphere. Some businesses are starting to participate in carbon markets to increase monetary profit while meeting greenhouse gas emission regulations. Carbon markets involve an emission reduction tradeoff between two businesses. If one business isn’t able to reduce a certain amount of CO2 emissions, they can pay another business to make up for it. This is a way for businesses with the available funds and lower emission reductions to partner with businesses who need additional income and may have more efficient ways to reduce greenhouse gas emissions. 

Most research in this field centers around Carbon Dioxide emissions, but there is also a goal to develop a similar system for Methane.