Agricultural Business In The Carbon Market
The aim of this research is to examine the motivation and benefits of participating in voluntary carbon offsetting schemes in agricultural business.The article analyzes the reasons driving companies to join such schemes, including the desire to enhance attractiveness for investors and gain advantages in local markets.The position of Russia in response to global environmental challenges was intermediate position, however recent developments, such as the European Union's introduction of a border adjustment carbon mechanism, have elevated the discussion to a new level.The study highlights that Russia officially joined the Paris Agreement, setting a national goal to reduce emissions to 70% of the 1990 level by 2030, considering the absorption capacity of forests.The study also explores how engagement in voluntary carbon offsetting schemes can help companies achieve their environmental goals and improve business performance.Research methods involve analyzing the motivation of companies participating in voluntary carbon offsetting schemes and examining existing data and outcomes of investment projects.A notable result is the identification of key factors encouraging companies to participate in voluntary carbon offsetting schemes and the determination of benefits and potential challenges.The findings of the research will contribute to understanding how these schemes can be effective tools for achieving both environmental and business objectives for companies.
Authors
- Luiza Soltakhmadova
Publication Details
- Journal
- European Proceedings of Multidisciplinary Sciences
- Published
- 2024-09-30
- DOI
- https://doi.org/10.15405/epms.2024.09.111
- Primary Topic
- Climate Change Policy and Economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00
Funders
- Ministry of Science and Higher Education of the Russian Federation