The price of one Carbon Credit (CCT), which refers to a specific digital asset, is approximately 4.57 Indian Rupees (INR). This valuation reflects its current conversion rate.
Understanding Carbon Credit (CCT) Valuation
Carbon Credit (CCT) functions as a digital token or cryptocurrency. Its value, similar to other digital assets, is influenced by market dynamics, including supply and demand within the cryptocurrency exchanges where it is traded.
Here is a breakdown of the CCT's approximate value in Indian Rupees:
| Carbon Credit (CCT) | Indian Rupee (INR) |
|---|---|
| 0.01 CCT | 0.04570686 INR |
| 0.1 CCT | 0.457069 INR |
| 1 CCT | 4.57 INR |
| 2 CCT | 9.14 INR |
Distinguishing CCT from Traditional Carbon Credits
It is important to differentiate the digital asset Carbon Credit (CCT) from the broader concept of carbon credits (also known as carbon offsets or allowances) traded in environmental markets.
- Traditional Carbon Credits: These instruments typically represent a verified reduction, removal, or avoidance of one metric ton of carbon dioxide equivalent (CO2e) emissions. They are traded in distinct markets:
- Compliance Markets: Established by governments or international bodies (e.g., Emissions Trading Systems like the EU ETS), where regulated entities buy and sell allowances to meet emissions caps. Prices in these markets tend to be higher and more stable.
- Voluntary Markets: Where companies or individuals voluntarily purchase credits to offset their carbon footprint. Prices in this market can vary significantly based on factors such as:
- Project Type: (e.g., reforestation, renewable energy, clean cookstoves)
- Geographical Location: Where the emissions reduction project is located.
- Vintage: The year the emissions reduction occurred.
- Co-benefits: Additional environmental or social benefits provided by the project.
While both aim to address carbon emissions, the data provided above specifically pertains to the digital asset Carbon Credit (CCT) and should not be equated with the diverse and complex pricing structures found in traditional carbon credit markets.
