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Carbon credit


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Carbon credit

  1. 1. 5/8/2011<br />1<br />
  2. 2. Carbon credit<br /> Generic term to assign a value to a reduction of greenhouse gas emissions. Usually equivalent to one tone of carbon dioxide equivalent (CO2)<br />Or simply we means <br />Permit that allows the holder to emit one ton of carbon dioxide<br />5/8/2011<br />2<br />
  3. 3. if an environmentalist group plants enough trees to reduce emissions by one ton, the group will be awarded a credit. If a steel producer has an emissions quota of 10 tons, but is expecting to produce 11 tons, it could purchase this carbon credit from the environmental group. <br />5/8/2011<br />3<br />
  4. 4. Back ground <br />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<br />The GHG includes<br /> carbon dioxide, methane, nitrous oxide, hydro fluorocarbons (HFCs), etc<br />5/8/2011<br />4<br />
  5. 5. Back ground <br />All of which increase the atmosphere's ability to trap infra red energy and thus affect the climate.<br />The concept of carbon credits came into existence as a result of increasing awareness of the need for controlling emissions<br />The IPCC <br />5/8/2011<br />5<br />
  6. 6. Co2 AN important GHG <br />Carbon dioxide, the most important greenhouse gas produced by combustion of fuels, has become a cause of global panic as its concentration in the Earth’s atmosphere has been rising alarmingly. <br />5/8/2011<br />6<br />
  7. 7. Co2 AN important GHG <br />that helps people, countries, consultants, traders, corporations and even farmers earn billions of rupees. This was an unimaginable trading opportunity not more than a decade ago.<br />5/8/2011<br />7<br />
  8. 8. 5/8/2011<br />8<br />