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Trading Carbon Credits
Scientists broadly agree that greenhouse gas (GHG) emissions (carbon dioxide, methane, nitrogen oxide, fluorinated gases) cause irreversible damage to the planet. The 2012 Intergovernmental Panel on Climate Change (IPCC) report on extreme weather concludes that climate change has led to drought, hurricanes, record-high temperature, oceans warming and heavy rainfall.
To limit carbon emissions, an international agreement was agreed by 37 industrialised countries and the European community to reduce average of five percent from 1990 levels over five year period 2008-2012. This international agreement is knows as Kyoto protocol. Under this treaty, countries should reduce their carbon emissions by national laws or can meet the emissions targets by market based mechanisms.
The market based mechanisms are:
• Emissions trading, also known as carbon trading
• Clean Development Mechanism (CDM)
• Joint implementation (JI)
In order to spur investment in emissions trading, a financial mechanism has been introduced, which is popularly known as Carbon Credits. Carbon credit represents one tonne of ...
... carbon dioxide or its equivalent in other GHGs. The project developers invest money in low carbon technologies, generate carbon credits and sell it to companies who are unable to meet their carbon targets. Thus, trading carbon credits are an effective way to reduce carbon emissions and simultaneously create jobs in developing/developed world. Carbon credit trading bring additional income to companies in the developing country, which could be used for corporate social responsibility work.
The Trend is Blue is a socially responsible consultancy that specializes in the carbon markets and trading carbon credits . We are the most dedicated providers of carbon credits and fully committed to safeguarding the highest integrity, transparency.
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