Carbon Credits
Carbon credits are a key component of national and international emissions trading
schemes that have been implemented to mitigate global warming. They provide a way to
reduce greenhouse effect emissions on an industrial scale by capping total annual
emissions and letting the market assign a monetary value to any shortfall through trading.
Credits can be exchanged between businesses or bought and sold in international markets
at the prevailing market price. Credits can be used to finance carbon reduction schemes
between trading partners and around the world.
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
(coal, electricity derived from coal, natural gas and oil). The major greenhouse gases
emitted by these industries are carbon dioxide, methane, nitrous oxide, HFCs, etc, all of
which increase the atmospheres ability to trap infrared energy and thus affect the climate.
The mechanism was formalized in the Kyoto Protocol, an international agreement between
more than 170 countries, and the market mechanisms were agreed through the subsequent
Marrakesh Accords. The mechanism adopted was similar to the successful US Acid Rain
Program to reduce some industrial pollutants.
Source: http://en.wikipedia.org/wiki/Carbon_credit
MENA Solar Energy assists governments, corporations & industries in
determining, mitigating and offsetting carbon emissions by administering
the potential purchasing, trading & exchange of carbon credits. Please
contact us for more details on how we can reduce carbon emissions for
your company & how you could apply for carbon credits.