Part 3/9:
Recent data from the International Energy Agency reveals alarming trends in global CO2 emissions, which reached 37.5 billion tons in 2023, showing a troubling upward trajectory. As these emissions rise, the carbon credit market has expanded dramatically. In 2021, voluntary carbon credits amounted to nearly 500 million tons, with average prices significantly increasing over the subsequent years. Yet, with such rapid market growth, one must question whether these offsets truly impact emissions reduction or are simply a financial maneuver.