Carbon Credits has significant role in reducing carbon emitted by an organization to create clean development project

 

Carbon Credits

The purpose of carbon credits is to encourage companies to reduce their emissions and create a monetary incentive to do so. These credits are allocated to a company and decrease in value as time passes. As the credits decline, a company can sell excess credits to another company, thus making money.  In other words, it act as a kind of stock exchange for carbon(C) credits. In fact, a company can sell or buy it on a market that matches their requirements. But if the company doesn't meet its target, it must pay a fine. So, if the company is able to pay the fine, it can sell or buy it on the open market or from an approved organization.

The process of carbon(C) credit evaluation is similar to buying a house. The factors that determine value in carbon(C) credits include quality, size, and location. The Gold Standard advocates that carbon credits should reflect the social value of carbon, as well as the economic value of additional impacts. Furthermore, it argues that market mechanisms should deliver carbon(C) credits at the lowest possible cost. Once verified, carbon credit can be sold to cement manufacturers and help companies meet their short-term regulatory requirements.

In addition to buying carbon(C) credits, companies can also buy carbon offsets. These carbon(C) credits are based on a system wherein a business purchases emission licenses. These credits are used as a means of paying for emission reduction elsewhere or in the country that they operate in. In this way, a single American aluminum manufacturer can theoretically offset its carbon footprint by investing in a clean development project in Africa. Thus, the company can prevent more carbon from being emitted in the developing world.

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