The Rise and Transcendence of Carbon Credits

It can be a difficult feat to tie in saving the planet with boosting the economy, but over the years, there have been a handful of initiatives in the woodworks, hoping that one of them would stand out. Some of them were simply dormant and misunderstood, but it is imperative that we somehow revisit these concepts to grasp anything that would reduce carbon emissions while keeping the financial gears turning.

As the world is reaching an environmentally dire point, the topic of carbon credits has resurged in the economical and ecological minds. Granted, it never left those minds in the first place, but we’re now at a phase where the general consensus is beginning to know a thing or two about it. So, let’s take a look at what carbon credits are and what they generally do.

Similar to cryptocurrency that doesn’t have a physical form, carbon credits are merely intangible representations. They are considered as certificates or permits generated from the carbon dioxide (CO2) sequestered from the atmosphere via environmental initiatives, and in turn, used by parties for offsetting their emissions. 1 carbon credit can be equal to 1 ton of CO2 (or any other equivalent greenhouse gas).

Generating carbon credits isn’t limited to green initiatives alone. Any parties pulling an extra effort to minimize their usual greenhouse gas…