Carbon credits are a key component of national and international
attempts to mitigate the growth in concentrations of greenhouse
gases (GHGs). One Carbon Credit is equal to one ton of Carbon.
Carbon trading is an application of an emissions trading approach.
Greenhouse gas emissions are capped and then markets are used to
allocate the emissions among the group of regulated sources. The
idea is to allow market mechanisms to drive industrial and
commercial processes in the direction of low emissions or less
"carbon intensive" approaches than are used when there is no cost
to emitting carbon dioxide and other GHGs into the atmosphere.
Since GHG mitigation projects generate credits, this approach can
be used to finance carbon reduction schemes between trading
partners and around the world. There are also many companies that
sell carbon credits to commercial and individual customers who are
interested in lowering their carbon footprint on a voluntary basis.
These carbon offsetters purchase the credits from an investment
fund or a carbon development company that has aggregated the
credits from individual projects.
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