ABSTRACT
Climate change due to anthropogenic carbon dioxide and other greenhouse gases emissions has become a serious global concern. Transitional solutions to reduce emissions, such as carbon offset, have given rise to carbon emission trading, commonly known as the carbon market. However, the carbon credits used for trading have their fair share of criticism, primarily in terms of their quality, validity, and efficacy. This paper explores the carbon market ecosystem and proposes a carbon credit quality assessment and verification model that encompasses five dimensions: (i) source, (ii) objective, (iii) location, (iv) timeframe, and (v) fidelity and its various factors to aid in addressing these concerns transparently and efficiently. Thus, achieving real-world environmental impact and global carbon neutrality goals.
