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The Voluntary Carbon Market is a market for carbon emissions and capture that allows individuals, businesses, and organizations to voluntarily purchase carbon credits to offset their emissions. Carbon credits are generated by projects that reduce, avoid, or sequester emissions, such as renewable energy, energy efficiency, and reforestation. These credits are then sold to buyers who wish to offset their emissions. The market is an important tool for reducing emissions and helping to meet global climate goals.
The Voluntary Carbon Market is distinct from the compliance market, which is used by governments and companies to meet their emissions reduction targets. The voluntary market is also distinct from the carbon offset market, which is used to offset emissions from activities that cannot be avoided.
Companies in the Voluntary Carbon Market include Carbonfund.org, ClimateCare, Climate Neutral Group, EcoAct, and South Pole. Show Less Read more