Carbon Credit Market based solution to pollution control that provides financial incentives for reducing pollutant emissions. Cap and trade (CAT) schemes, in contrast to command-and-control environmental laws like best available technology (BAT) standards and government subsidies, are a type of flexible environmental regulation that allows businesses to choose the best way to accomplish policy goals. Various governments, states, and business groups have implemented similar trading schemes, mostly to combat climate change.
The impact of Covid-19 on reporting period deadlines is also being considered by the carbon offset registries. It may be difficult to complete verification within the given reporting deadline if there are delays, such as delayed site visits. The Climate Action Reserve is extending program deadlines by 6 months if the cause for the delay is directly related to Covid-19.
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