We’re amid transition towards low carbon to arrest global warming by curbing carbon emissions. Regulatory pressures are also being applied on enterprises and countries are due to Paris agreement and Kyoto Protocol which advocates reduction in greenhouse gases (GHG) emissions in accordance with agreed individual targets. This has triggered a hot debate about carbon tax as a means to tackle “dirty energy” (fossil fuels) by levying tax fee on emissions

How do enterprises approach their Net-Zero objectives? Businesses are exploring various options such making their assets and processes carbon efficient or changing their energy mix, to renewable sources, investing in nature-based carbon capture projects, use of carbon capture, utilization & storage solutions (CCUS). However, after exhausting all possible routes to reduce GHG emissions, enterprises may yet need to resort to last option which is offsetting excess emission buying carbon credits