Economics Carbon Trading Questions
The role of carbon registries in carbon trading is to track and record the ownership, transfer, and retirement of carbon credits. These registries serve as a centralized database where carbon credits are created, verified, and stored. They ensure transparency and integrity in the carbon market by maintaining accurate records of carbon emissions reductions and facilitating the trading process between buyers and sellers. Carbon registries also play a crucial role in monitoring compliance with emission reduction targets and providing a platform for the verification and certification of carbon offset projects.