Carbon credits enjoyed significant popularity a few years back, but a media investigation revealed that most fail to deliver on the promises of conservation and emission reduction. Nevertheless, many continue to push for expanded carbon credit trading, touting it as a win-win solution. However, this argument may be both flawed and costly.
As global awareness of the environmental impact continues to grow, markets for the climate-conscious are on the rise. These markets include climate-smart agriculture, transport, water infrastructure & and waste management, green buildings and carbon markets. Carbon markets, rooted in climate business which are trading systems where carbon credits are exchanged. This compensatory scheme enables companies or individuals to buy carbon credits from organizations that work to remove or reduce greenhouse gas emissions. This article aims to explore carbon markets and their operation in Ghana.