voluntary carbon market

The voluntary carbon market is a system where individuals, companies, and organizations buy carbon credits to offset their greenhouse gas emissions. These credits represent a reduction or removal of carbon dioxide elsewhere, such as planting trees or supporting renewable energy projects. Participation is voluntary, meaning it's not mandated by law, allowing entities to demonstrate their commitment to sustainability and climate responsibility beyond regulatory requirements. Essentially, it's a way for entities to compensate for their emissions proactively, supporting projects that help reduce overall global greenhouse gases.