Meanwhile, Steel-Forge is trying to lower its environmental impact. While they’ve upgraded their machinery, their industrial process still emits 1,000 tons of CO2 more than their local government allows (a "cap"). To avoid heavy fines, Steel-Forge goes to a marketplace like Carbonmark or a Voluntary Carbon Market . 3. The Exchange: Buying and Selling Steel-Forge buys the 1,000 credits from Eco-Growers.
What are carbon markets and how do they work? | UNDP Climate Promise buy sell carbon credits
The money they receive from the sale provides the capital needed to plant even more trees or protect existing forests from logging. 4. Retirement: Ending the Cycle Meanwhile, Steel-Forge is trying to lower its environmental