As the world faces intensifying climate threats, carbon credits are gaining prominence as a vital financial instrument to accelerate decarbonization. The latest Thought Leadership Report by Primus Partners traces the evolution of carbon markets—from early cap-and-trade systems to today’s dynamic global platforms. It explains how credits function as both an emissions reduction tool and a financial incentive, while spotlighting emerging markets, such as India’s upcoming Carbon Credit Trading Scheme. With the global carbon credit market projected to reach $1 trillion by 2030, the report outlines regulatory pathways, governance needs, and opportunities for India to lead in the global carbon economy. As sustainability and smart economics converge, carbon credits are no longer optional—they are integral.