The carbon market emerged in 1997, at COP 3, in Japan. It was with the Kyoto Protocol that the first rules for regulated markets and the permission to create voluntary markets were instituted. Since then, countries have joined the market and created their own initiatives.
The low carbon economy aims to reduce impacts on the environment and at the same time promote the development of countries. One of the pillars of this change is the search for the reduction of greenhouse gas (GHG) emissions, with the expansion of the use of clean energy and cost attribution to the impacts generated by the emission of polluting gases with carbon credit.