echnology company, Apple, recently bought 100,000 of Guyana’s carbon credits as part of efforts to reduce its corporate and product emissions footprint for 2024.
The credits bought from Guyana were retired by Apple. This means that the 100,000 credits issued to Apple have been removed from circulation and cannot be traded or used again.For years, Guyana worked on a mechanism to monitor, report, and verify the carbon stored in its trees, and that amounted to over 19 gigatonnes. Under an international mechanism called ART TREES, credits are issued based on the carbon stored in forests.
