Escolar Documentos
Profissional Documentos
Cultura Documentos
m Jayant Chabra
m Amit Rana
§
mCarbon credits encompass two ideas:
m (1) Prevention/reduction of carbon emissions
produced by human activities from reaching the
atmosphere by capturing and diverting them to
secure storage.
m (2) Removal of carbon from the atmosphere by
various means and securely storing it.
2
m m
are a key component of
national and international attempts to mitigate
the growth in concentrations of greenhouse
gases (GHGs).
m ²ne Carbon Credit is equal to one ton of
Carbon.
m Greenhouse gas emissions are capped and then
markets are used to allocate the emissions
among the group of regulated sources.
m Since GHG mitigation projects generate credits,
this approach can be used to finance carbon
reduction schemes between trading partners
and around the world.
6
m Burning of fossil fuels is a major source of
industrial greenhouse gas emissions, especially
for power, cement, steel, textile, fertilizer and
many other industries which rely on fossil fuels
(coal, electricity derived from coal, natural gas
and oil).
m The major greenhouse gases emitted by these
industries are carbon dioxide,
dioxide, methane
methane,, nitrous
oxide,, hydro fluorocarbons (HFCs), etc, all of
oxide
which increase the atmosphere's ability to trap
infrared energy and thus affect the climate
climate..
<
m
The Kyoto Protocol is an
international treaty Ƌ in
force since 2005 - to
reduce greenhouse gas
(GHG) emissions blamed
for global warming. The
Protocol provides the
means to monetize the
environmental benefits of
reducing GHGs.
m