Carbon Credits: Effect on the Economy and Environment

Adnan Ahmad Javed; Muhammad Mustafa Nauman; Hamdan Israr; Shaheer Inam

doi:10.47134/jees.v3i1.1022

Authors

Adnan Ahmad Javed Aitchison College
Muhammad Mustafa Nauman Independent Researcher based in Lahore
Hamdan Israr Aitchison College Lahore
Shaheer Inam Aitchison College Lahore

DOI:

https://doi.org/10.47134/jees.v3i1.1022

Keywords:

Carbon Credits, Carbon Trade, Carbon Market, Energy Sources, Carbon Offset, Net Zero

Abstract

This paper encompasses topics, including the implications of global warming, the intricacies of carbon markets, the benefits associated with carbon emissions reduction, and an evaluation of systems like net zero alongside other initiatives designed to normalize the discourse on carbon credits. Furthermore, it revisits and critically assesses previously established protocols and propositions within this sphere. It evaluates the practicality and efficiency of these methods and presents a conclusion. Moreover, the paper establishes connections with campaigns, introducing schemes, models, and mechanisms that have emerged in response to the growing concern over climate change. These integrations are presented as components that contribute to the impact of carbon credits on environmental governance and policy-making. By weaving together these elements, the paper aims to shed light on the role that carbon credits play in maintaining environmental sustainability, and underlining how crucial they are in the future of this field

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