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As awareness of climate change intensifies, so has the interest in carbon credits. Projected annual market growth from 160 million to over 1 billion by 2030 and the development of new emission disclosure policies highlight the growing importance and demand for efficient and transparent markets. Carbon credits are financial instruments that quantify the reduction or removal of one ton of CO2 or its equivalent from the atmosphere. Typically, an organization purchases carbon credits to offset an equivalent amount of its carbon emissions. 🌱 There are two primary types of carbon credits:  1. Avoidance credits: Generated by organizations that avoid emitting carbon or reduce their carbon emissions. These credits can be hard to verify and are usually considered low-quality. 2. Removal credits: Generated from removing carbon directly from the atmosphere. Unlike carbon avoidance, carbon dioxide removal (CDR) is traceable, measurable, and has a lasting duration of sequestration - often over 1000 years. 🏦 These credits are exchanged in two markets: 1. Compliance markets: These are enforced by regulatory frameworks such as carbon taxes and emissions trading schemes (ETS).  2. Voluntary Carbon Market (VCM): Corporations interested in sustainability and for-profit carbon reduction companies buy and sell carbon credits in a relatively unregulated manner. In the past, this has led to the proliferation of some lower-quality projects - a trend that is just beginning to reverse. 🚀 At Carbonsmith, we focus on providing high-quality and data-driven carbon removal credits dedicated to enhancing the transparency and reliability of the VCM. Learn more about how Carbonsmith is revolutionizing the carbon credit industry at our website: https://carbonsmith.io/ #CarbonRemoval #Sustainability #NetZero #CarbonNeutral #CarbonCredit #DirectAirCapture

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