Information on Carbon Credit
One challenge facing the human race is that of GLOBAL WARMING. Global warming is the rise in the average temperature of Earth’s atmosphere and oceans. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). The goal is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less carbon intensive approaches than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere.
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.
Emission marketsClimate exchanges have been established to provide a Sport market in allowances, as well as Future and Options market to help discover a market price and maintain liquidity. Carbon prices are normally quoted in Euros per tonne of carbon dioxide or its equivalent. Other greenhouse gases can also be traded, but are quoted as standard multiples of carbon dioxide with respect to their global warming potential.
Currently there are five exchanges trading in carbon allowances, namely:-
tax 'N' accounts people
Tarun Kumar Gupta
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