Agricultural Business In The Carbon Market
Abstract
The aim of this research is to examine the motivation and benefits of participating in voluntary carbon offsetting schemes in agricultural business. The article analyzes the reasons driving companies to join such schemes, including the desire to enhance attractiveness for investors and gain advantages in local markets. The position of Russia in response to global environmental challenges was intermediate position, however recent developments, such as the European Union's introduction of a border adjustment carbon mechanism, have elevated the discussion to a new level. The study highlights that Russia officially joined the Paris Agreement, setting a national goal to reduce emissions to 70% of the 1990 level by 2030, considering the absorption capacity of forests.The study also explores how engagement in voluntary carbon offsetting schemes can help companies achieve their environmental goals and improve business performance. Research methods involve analyzing the motivation of companies participating in voluntary carbon offsetting schemes and examining existing data and outcomes of investment projects. A notable result is the identification of key factors encouraging companies to participate in voluntary carbon offsetting schemes and the determination of benefits and potential challenges. The findings of the research will contribute to understanding how these schemes can be effective tools for achieving both environmental and business objectives for companies.
Copyright information
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
About this article
Publication Date
01 October 2024
Article Doi
eBook ISBN
978-1-80296-966-5
Publisher
European Publisher
Volume
4
Print ISBN (optional)
-
Edition Number
1st Edition
Pages
1-1008
Subjects
sustainable development, ecology, economy, technologies, green technologies
Cite this article as:
Soltakhmadova, L., Satueva, L., & Eskiev, M. (2024). Agricultural Business In The Carbon Market. In K. A. Said-Akhmadovich, & A. S. Salamova (Eds.), Modern Trends in Governance and Sustainable Development of Socio-economic Systems: From Regional Development to Global Economic Growth, vol 4. European Proceedings of Multidisciplinary Sciences (pp. 965-970). European Publisher. https://doi.org/10.15405/epms.2024.09.111