The carbon market reached a new transaction record in 2021, showing that the demand for carbon credits is growing worldwide. According to data from the Refinitiv platform, more than 300 million tons of carbon credits were traded by September 2021, surpassing the previous record of 229 million tons in 2019.
The carbon market is an important tool to combat climate change, as it encourages the reduction of greenhouse gas emissions by assigning a financial value to carbon. Companies, governments and organizations can buy carbon credits to offset their greenhouse gas emissions, finance emissions reduction projects and contribute to the mitigation of climate change.
The increase in the number of carbon credit transactions in 2021 reflects a growing global awareness of the need to reduce greenhouse gas emissions and mitigate climate change. In addition, a growing number of companies and governments are committing to ambitious emissions reduction targets, which is driving demand for carbon credits.
However, there is still much work to be done to reach the emission reduction targets needed to limit global warming to 1.5 degrees Celsius above pre-industrial levels. Increasing the number of transactions in the carbon market is an important step, but more ambitious public policies and investments in clean technologies are needed to achieve a low-carbon global economy.
The record of transactions in the carbon market in 2021 is positive news, but it is important to remember that the fight against climate change is a collective task and that each one of us can contribute to the reduction of greenhouse gas emissions greenhouse in our everyday life. Adopting sustainable practices and choosing low-carbon products and services are important ways to contribute to a greener, more sustainable future.
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