Currently, there are two primary types of carbon markets globally:
1. Compliance Carbon Market: This market involves the trading of carbon based on commitments made by countries under the United Nations Framework Convention on Climate Change (UNFCCC) to achieve greenhouse gas reduction targets. It is primarily designated for projects under the Clean Development Mechanism (CDM), Sustainable Development Mechanism (SDM), or Joint Implementation (JI).
2. Voluntary Carbon Market: This market operates on the basis of cooperation and agreements either bilaterally or multilaterally among organizations, companies, or nations. Buyers of credits engage in transactions voluntarily to fulfill environmental, social, and governance (ESG) policies aimed at reducing their carbon footprint.
With this information, MinMax hopes to provide valuable insights for your esteemed enterprise. We aspire to accompany businesses on their journey towards carbon neutrality and the preservation of a green planet
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