Carbon Credit Market Overview - Carbon credit is presented as a new sustainable currency that can be monetized for doing good [1][2] - The global goal is to reduce 2°C, and carbon credit is a concept that incentivizes emission reduction [9][10] - Developed countries are setting carbon emission limits and investing in climate projects, creating a market for carbon credits [13] - Carbon market involves trading between carbon emitters and those reducing carbon emissions [12] Cook to Earn Concept - The "cook to earn" concept is being implemented, where rural women are paid for using clean energy for cooking [7] - In Bangladesh, 17% of people cook with unclean fuels, leading to indoor air pollution and over 100,000 deaths annually [5][7] - Shifting from unclean to clean energy allows for tracking cooking data, converting it to carbon credits, and paying the cooks [6] - The project uses IoT devices in stoves to track cooking data, which is then certified and sold as carbon credits [13][14] Business Potential and Examples - Elon Musk's Tesla earned over $16 billion in 2020 from selling carbon credits to competitors [15][16] - Carbon credit prices vary from $1 to $4 per ton, and up to $15 to $25 per ton for digitally monitored, reviewed, and verified (DMRV) carbon [17][18] - In some cases, carbon credit prices can reach $8,200 [19] - Companies buy carbon credits to build reputation and comply with regulations [20] - Rice production in Bangladesh emits methane, which is 25 times more harmful than carbon dioxide, presenting an opportunity for carbon projects [21][22]