how much is a carbon credit worth 
the value of a carbon credit can vary significantly based on time and geography it can also swing due to changes in regulations policy and demand for offsets according to bloomberg nef a commodities research service carbon prices in california are expected to average 42 per metric ton in 2024 and 76 per ton in europe 21the bottom linecarbon credits were devised as a mechanism to reduce greenhouse gas emissions by creating a market in which companies can trade in emissions permits companies receive a set number of carbon credits under the system that decline over time they can sell any excess to another company carbon credits create a monetary incentive for companies to reduce their carbon emissions those that cannot easily reduce emissions can still operate but at a higher financial cost proponents of the carbon credit system say that it leads to measurable verifiable emission reductions credits have also led to the need for carbon accounting to guide companies governments and individuals in measuring their impacts 