What is the purpose of carbon credit and carbon market?

Carbon credits, the permissions to emit carbon and other greenhouse gases, have been one of the best-performing commodities over the past five years . European carbon prices nearly tripled in 2021. Many think prices can still go higher, and you can invest through KRBN and GRN ETFs.

According to its CDP filings, Disney bought 80,000 carbon credits from Clean Cookstoves in 2018.

Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs) . One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases.