AN INTRODUCTION
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.
Two distinct types of carbon markets exist, namely compliance
and voluntary markets. Voluntary carbon markets involve the
voluntary trading of carbon credits by individuals, organizations
or countries. A tradable carbon credit serves as a financial
instrument in the carbon market, representing a unit of carbon
dioxide equivalent (CO2e). One carbon credit is
