What is the regulatory framework for carbon offsets?

What is the regulatory framework for carbon offsets?

The regulatory framework for carbon offsets includes laws and guidelines that govern how carbon credits are created, traded, and verified.

How do these regulations vary by country?

Regulations can vary significantly; for example, the EU has a robust cap-and-trade system, while other countries may have less stringent rules.

What are the main challenges in implementing these regulations?

Challenges include ensuring transparency, preventing fraud, and balancing economic growth with environmental protection.

Can you give examples of successful carbon offset programs?

Sure! Programs like California's Cap-and-Trade and the Verified Carbon Standard have seen success in reducing emissions.

What role do businesses play in this framework?

Businesses can participate by purchasing carbon credits to offset their emissions, thus incentivizing sustainable practices.