Carbon credits and global carbon trading have the potential to act as a means to address climate change, and unlocking the value of carbon credits enables a robust and transparent global carbon market. This article by openbusinesscouncil explains the concept of carbon credits, which represent a reduction or removal of greenhouse gas emissions, and how they can be traded and used to incentivize emission reduction efforts. The need for standardized and internationally recognized methodologies to ensure the credibility and effectiveness of carbon credits is crucial for the role of blockchain technology in facilitating transparent and efficient carbon trading.

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