The global market for carbon credits will reach 84.4 billion by 2050

The fight against climate change continues to gain momentum, with 73 carbon pricing mechanisms operating worldwide as of April 1, 2023. Together, these systems account for a significant 23.04 % of global greenhouse gas emissions. The weighted average price for offsetting a metric ton of carbon dioxide is between $4 and $5, a number that fluctuates with market dynamics. However, the EU ETS boasts the steepest carbon price in 2023, reaching an impressive $5.6 per metric ton. (AstuteAnalytica India Pvt. Ltd., more at finance.yahoo.com)