Despite issues faced by carbon credits in the market, Deutsche Bank managed to turn the tide through sovereign carbon credits from rainforest nations. The main goal of sovereign carbon credits is to limit deforestation, making them into financial assets that empower rainforest nations to protect their forests and gain financial support in doing so. The REDD+ mechanism established by United Nations Framework Convention on Climate Change (UNFCCC) produces sovereign credits. The aim is to incentivize developing nations to conserve their forests and reverse deforestation.

Source: Carbon Credits