Climate change is widely considered the biggest existential threat facing humanity today. Experts worldwide are warning that the failure to take swift action will result in catastrophic outcomes for the planet, its population, and the global economy. Egypt has been working towards increasing its environmental action and commitment to combating climate change. One option, which it has already started pursuing, is carbon trading. There exist a variety of approaches that scientists and policymakers believe can be made to help stave off the impact of climate change, mostly revolving around emissions reduction. From halting and reversing deforestation, and transitioning to greener energy, to carbon capture, most approaches revolve around reducing harmful emissions. Carbon trading plays on the idea of carbon capture by creating markets aimed to encourage the approach, as well as encouraging companies to reduce their emissions. Carbon trading is based on trading carbon credits and buying carbon offsets. What are they and to what extent do they help the environment? What are Carbon Credits and Carbon Offsets? Carbon credits and offsets are two similar concepts, and oftentimes used interchangeably—though there is a technical difference between them. Some governments place…
