Citibank to Utilize Carbon Credits to Achieve Net Zero Emissions
Citibank recently announced a new initiative to reduce their net emissions to zero by the year 2050. The bank plans to achieve this goal by utilizing carbon credits, a type of financial instrument that allows companies to offset their emissions by investing in projects that reduce greenhouse gas emissions. Carbon credits are created when a company or organization invests in a project that reduces emissions. These credits can then be sold to other companies who need to offset their own emissions. By investing in carbon credits, Citibank will be able