Carbon Offset Programs
Carbon offset programs are initiatives that allow individuals, companies, and governments to compensate for their carbon emissions by investing in projects that reduce greenhouse gas emissions. These projects can include renewable energy, energy efficiency, and reforestation. The idea behind carbon offset programs is to create a market-based solution to climate change by putting a price on carbon emissions and incentivizing the reduction of those emissions. Participants in carbon offset programs can purchase carbon credits, which represent a reduction of one metric ton of carbon dioxide or its equivalent. These credits can then be used to offset their own carbon emissions or sold on carbon markets.
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