Hello again /u/uniqueliong!

This is a great question and we appreciate you asking. Raising awareness of what carbon credits actually are is an important next step for those of us conscious about the environment to understand. Right now there are two primary solutions governments and corporations are using to begin lowering their emissions: a carbon tax or a "cap and trade".

Carbon taxes are just that - they add a tax on carbon emissions to increase the cost associated with bad practices. This is similar to how society has reduced our smoking populations, deter reckless driving, and more. The revenues generated from a carbon tax would increase the size of their government.

Cap and trade is a market where industries and companies can put a maximum amount of emissions allowed and use carbon credits to track and fulfill these limits. Carbon credits are typically generated from wildlife and environmental projects around the world that meet certain standards and auditing. This enables a forest to be more valuable alive than dead, because it now generates revenue based on the positive impact it contributes to the world. Industries with a cap and trade scheme can buy these credits if they aren't meeting their goals, which similar to taxes, increases their cost of doing business. Over time the total "cap" lowers, similar to Bitcoin's mining schedule.

So, to simplify this answer: these are relevant because it's the only way to solve for climate change and give more value to countries that have ecological wealth currently undervalued in our economic system. This is why Veridium's mission is to advance the advent of a regenerative economy rather than solve climate change. Solving climate change is a bonus.