BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A carbon credit (often called a carbon offset) is a credit for greenhouse emissions reduced or removed from the atmosphere by an emission reduction project, which can be used by governments, industry, or private individuals to compensate for the emissions they generate elsewhere.

Detailed explanation-2: -Carbon credits, also known as carbon offsets, are permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one ton of carbon dioxide or the equivalent in other greenhouse gases. The carbon credit is half of a so-called cap-and-trade program.

Detailed explanation-3: -Overall, businesses are focused on climate risk monitoring and reducing carbon emissions in their operations. Business areas that have evolved the most in response to climate risk considerations include investment plans, corporate strategy setting, public relations, and corporate social responsibility.

Detailed explanation-4: -Carbon credits are generated from projects around the world that pull Greenhouse Gases (GHGs) out of the atmosphere or keep emissions from being released. Each time a project verifies they have reduced, avoided, or destroyed one metric tonne of GHG, one carbon credit is created.

Detailed explanation-5: -To achieve carbon neutrality, companies can offset emissions through tree planting, donations to green energy projects, or buying and preserving rainforests (to name a few!).