Carbon Market Scenario: Challenges and Opportunities

Carbon markets play a key role in combating global climate change and aim to achieve a net-zero carbon future. Strong government policy targets and global environmental summits such as the Paris Agreement and the Kyoto Protocol mandate every country to cut greenhouse gas emissions. The carbon market evolving quickly to address the challenges and opportunities involved in achieving carbon neutrality. This paper comprehensively examines various aspects of carbon market intricacies. Additionally, this study presents the current scenario, challenges, and opportunities for the carbon markets, and the carbon credit trading mechanism. Furthermore, the study discusses the steps involved in calculating carbon emissions in detail. The presented study will be helpful in understanding the various aspects of carbon markets and methods to achieve carbon-neutral systems.