Creating a carbon credit requires work, but BX are here to help farmers create them, and sell them. The ‘market’ is the global trading system for credits, allowing them to be monitored and measured, as well as sold.
There are two primary markets for carbon credits: the voluntary market and the compliance market.
Voluntary Market
In the voluntary market, individuals, companies, and organizations voluntarily purchase carbon credits to offset their own carbon footprint. This market is driven by corporate social responsibility initiatives, sustainability goals, and consumer demand for eco-friendly products and services.
Compliance Market
The compliance market, on the other hand, operates under government-mandated regulations and carbon trading schemes such as cap-and-trade systems. Companies subject to emission reduction targets can purchase carbon credits to meet their regulatory obligations.