The Carbon Credit Market: A Journey from the Paris Agreement to the Present
18 January 2024 | 3 mins
The Paris Agreement of 2015 marked a pivotal moment in the global fight against climate change. This landmark agreement brought nations together with a unified commitment to limit global temperature rise to below 2 degrees Celsius above pre-industrial levels. In the wake of this agreement, a key new marketplace emerged to bolster climate change mitigation efforts: the carbon credit market. This article will explore the development of this market, tracing its origins from the Paris Agreement to its current state.