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Corporations fighting to cut their carbon footprint have for years focused on internal reduction measures. Many are now adding to that effort by turning to carbon credits.
Carbon dioxide in the atmosphere hit another record in May this year, rising to 419 parts per million, a jump of about a half of a percentage point from the same month in 2020.
With the climate clock ticking, companies and individuals are expected to pour $100 billion into the carbon offset market by the end of this decade, up from about $300 million in 2018.