Carbon credits are a way of offsetting the negative effects of greenhouse gas emissions. They represent reducing or removing carbon dioxide and other greenhouse gases from the atmosphere. These credits can be bought and sold on carbon markets, allowing companies and individuals to offset their emissions and help mitigate the impact of climate change.
With the use of blockchain, carbon credits can be accurately tracked and verified, preventing fraud and double-counting. This can ensure that every credit is legitimate and has a tangible impact on the environment.