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The increased emission of greenhouse gases like carbon dioxide in the atmosphere has caused global concern because of the extremely dangerous effects it has on the environment. Methods such as carbon offset and carbon credits were suggested to improve the state of affairs by providing rewards to organizations so that they conduct their business in an ecologically sustainable manner.
The system of carbon credits is a recent phenomenon. One carbon credit allows the emission of one tonne of CO2 or an equivalent amount of any other greenhouse gas into the air. The maximum amount of emissions throughout the world can be capped through the carbon trading method in which carbon credits can be sold and purchased.
Carbon credits are allocated among organizations to limit the level of greenhouse gases such as carbon dioxide that they emit. Carbon trading is utilized when the organization's emissions exceed its allowance of carbon credits, forcing it to buy credits from others who have opted for more ecological methods of functioning and hence have carbon credits to sell.
As a consequence, the global carbon emissions stay below permissible levels, and the companies resort to eco friendly ways of doing business so that their emissions are lesser and they are spared of making additional expense on carbon credits. This system is beneficial for companies making use of eco friendly techniques to keep trying in this respect as they can make more profits from carbon credits trading.
Carbon credits can be purchased just as any other product because they are offered for sale in an open market and there are various agencies that engage in this trade. In fact, even if you are not representing a firm, you can opt to buy carbon credits so as to reduce your carbon footprint. The money you spend in this way is used for sponsoring environmental campaigns that are being conducted across the world in order to counterbalance the impact of emissions from your activities.
The system of carbon credits is a recent phenomenon. One carbon credit allows the emission of one tonne of CO2 or an equivalent amount of any other greenhouse gas into the air. The maximum amount of emissions throughout the world can be capped through the carbon trading method in which carbon credits can be sold and purchased.
Carbon credits are allocated among organizations to limit the level of greenhouse gases such as carbon dioxide that they emit. Carbon trading is utilized when the organization's emissions exceed its allowance of carbon credits, forcing it to buy credits from others who have opted for more ecological methods of functioning and hence have carbon credits to sell.
As a consequence, the global carbon emissions stay below permissible levels, and the companies resort to eco friendly ways of doing business so that their emissions are lesser and they are spared of making additional expense on carbon credits. This system is beneficial for companies making use of eco friendly techniques to keep trying in this respect as they can make more profits from carbon credits trading.
Carbon credits can be purchased just as any other product because they are offered for sale in an open market and there are various agencies that engage in this trade. In fact, even if you are not representing a firm, you can opt to buy carbon credits so as to reduce your carbon footprint. The money you spend in this way is used for sponsoring environmental campaigns that are being conducted across the world in order to counterbalance the impact of emissions from your activities.
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