A Carbon Credit is a tradable permit or certificate that provides the holder of the credit to emit one ton/one credit of carbon dioxide (CO2) or an equivalent of another greenhouse gas (tCO2e). The Carbon Credit can be purchased by an individual or a company to make up for carbon dioxide emissions that come from industrial production, delivery vehicles or travel. The main goal for the creation of the Carbon Credit is the reduction of emissions of carbon dioxide and other greenhouse gases from industrial activities to reduce the effects of global warming.
Related Definitions in the Project: The HSE Management; Energy Definitions; Renewable Energy
Example of the Carbon Ctrdit:
Rainforests Emerge As Key Sources Of Carbon Credits In Emerging Markets (Source: Oil Price on 13 November 2022): By Oxford Business Group - In the fight against climate change, forests are vital carbon sinks, absorbing twice as much carbon as they produce each year globally. Tropical rainforests play a particularly vital role, storing an estimated 25% of the world’s terrestrial carbon. Public and private sector actors are increasingly collaborating to protect these areas, which are mostly located in emerging markets, through green bonds that foster sustainable development in sectors such as agriculture, energy and technology. Against the backdrop of the COP27 UN Conference on Climate Change in Sharm El Sheikh, Egypt, Brazil, Indonesia and the Democratic Republic of the Congo (DRC) are in talks to form a strategic conservation alliance, nicknamed the “OPEC for rainforests”. The three countries are home to approximately 52% of the world’s remaining primary tropical rainforests. ...
