CARBON CREDITS

Carbon Credits: Not What You Thought They Were

Carbon Credits

Introduction

Carbon credits are units that are assigned to the promoter that reduces emissions of greenhouse gases, and the project developer can then sell to fund his project. A carbon credit represents a reduction of one tonne of CO2.

Literature Review

Kyoto Protocol

One of the best known cases is that projects certified under the Kyoto Protocol, which are called "Clean Development Mechanism" (CDM / CDM in English for "Clean Development Mechanism") and issuing a certain type of carbon credits called CER (certified emission reduction. This system, which was developed under the Kyoto Protocol, allows ...