The comprehensive platform will explore the trading and utilization of carbon credits, providing a “mechanism to help companies manage unavoidable and residual carbon emissions while pursuing direct decarbonisation strategies,” according to DFM. Each carbon credit represents a tangible reduction in carbon emissions, offsetting one tonne of CO2 equivalent emissions. As per the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), the demand for carbon credits could increase significantly, potentially by a factor of 15 or more by 2030 and up to 100 by 2050. The overall carbon credit market is projected to exceed $50B in value by 2030.
