International Journal of Science, Engineering and TechnologyAuthors: Taranjeet Singh, Monish Patil
Abstract: Carbon credit trading is an important method to connect climate action and economic progress. Here, we look at how carbon credit systems work, focusing on their linkswith Environmental, Social, and Governance (ESG) measuresin developing countries. Drawing from policy documents, real world programs, and market data, we explore how these markets function and what makes them effective. The paper outlines the chances carbon credits give to shrink greenhouse gas emissions, encourage investment in green technology, and support global climate aims. Even so, challenges remain, like inconsistent regu- lations, sharp price changes, tough verification steps, and doubts about whether projects deliver extra environmental benefits. We find that good results need clear rules, trustworthy data checks, and strong involvement of local groups. When run well, carbon credits can help countries grow sustainably while cutting emissions.
DOI: http://doi.org/10.5281/zenodo.17649595
