Applications of Artificial Intelligence in Carbon Credit Auditing

The total quantity of carbon dioxide (CO2) and other greenhouse gases (GHG) emitted in the lifecycle of the product or service, or in any specific financial year, is referred to as a carbon footprint. The measurement is commonly represented in kilos of CO2 equivalents, accounting for the impacts of various greenhouse gases on global warming. A carbon credit is a marketable permit or certification that entitles the holder to emit one tonne of carbon dioxide or the equivalent of some other greenhouse gas -- it is effectively a carbon offset for greenhouse gas producers. The primary purpose of carbon credits is to help reduce greenhouse gas emissions from industrial activity in order to mitigate the impacts of global warming. They can also sell excess carbon credits.