Carbon Credits are defined as 1 ton of CO2 Emissions traded in the market to allow buyers to emit CO2 into the atmosphere. - by m_muslimi carbonemissions carboncreditstrading
To get a better understanding of Carbon Credits, let’s briefly look at the Carbon Market Mechanism concept: First, a country identifies its limit of total greenhouse gas emissions. It then creates permits and assigns them to different companies within its jurisdiction with allocated carbon emission limits.
” We are developing a technology that will allow consumers to monitor their carbon footprint. What will this mean? It will monitor individuals on where they are traveling, how they are traveling, and what they are eating,” he said, much to the angst of the internet population. With individual carbon credits, people will be assigned a limit on CO2 they can emit every year based on their consumption levels, wealth, age, and even nationality. When this cap is achieved, you will need to purchase more credit from individuals who may have saved on their carbon emissions. Failure to do this may mean that you are grounded or may even face a jail term or fines.
There is also an app, called Klima, that is used for individual voluntary carbon offsets- basically buying and selling of carbon credits on a voluntary basis.
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