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Offset Market
Offset markets are typically associated with voluntary initiatives as a financial vehicle that provides opportunities for them to achieve their climate commitments. It was created to mitigate climate change by creating space for private players to finance activities that remove GHG emissions.
Emmision Market
Through a 'cap-and-trade' mechanism, this market scheme is implemented in the mandatory carbon market. Supply in this market (allowance) is set by the government or relevant ministry.