Scribd Logo
Upload

Welcome to Scribd!

  • 39 views

    "Carbon Credits" - A Unique Way To Reduce Pollution: U - Ps2912@yahoo - Co.in

    Uploaded by

    urvish_soni
    Carbon credits are a key part of emissions trading schemes designed to lower the effects of global warming. Credits are exchanged or sold between companies internationally based on market prices. The money earned funds carbon reduction schemes. Companies that pollute less than limits have extra credits to sell, while more polluting companies must buy credits to equalize their emissions. This allows less polluting companies to invest in further reducing emissions, while more polluting companies must consider improving efficiency to avoid credit costs in the future. The Kyoto Protocol oversees carbon credits to help reduce global pollution levels.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    "Carbon Credits" - A Unique Way To Reduce Pollution: U - Ps2912@yahoo - Co.in

    Uploaded by

    urvish_soni
    39 views2 pages
    Carbon credits are a key part of emissions trading schemes designed to lower the effects of global warming. Credits are exchanged or sold between companies internationally based on market prices. The money earned funds carbon reduction schemes. Companies that pollute less than limits have extra credits to sell, while more polluting companies must buy credits to equalize their emissions. This allows less polluting companies to invest in further reducing emissions, while more polluting companies must consider improving efficiency to avoid credit costs in the future. The Kyoto Protocol oversees carbon credits to help reduce global pollution levels.

    Original Title

    CARBON CREDITS[abstract]

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Carbon credits are a key part of emissions trading schemes designed to lower the effects of global warming. Credits are exchanged or sold between companies internationally based on market prices. The money earned funds carbon reduction schemes. Companies that pollute less than limits have extra credits to sell, while more polluting companies must buy credits to equalize their emissions. This allows less polluting companies to invest in further reducing emissions, while more polluting companies must consider improving efficiency to avoid credit costs in the future. The Kyoto Protocol oversees carbon credits to help reduce global pollution levels.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    39 views2 pages

    "Carbon Credits" - A Unique Way To Reduce Pollution: U - Ps2912@yahoo - Co.in

    Uploaded by

    urvish_soni
    Carbon credits are a key part of emissions trading schemes designed to lower the effects of global warming. Credits are exchanged or sold between companies internationally based on market prices. The money earned funds carbon reduction schemes. Companies that pollute less than limits have extra credits to sell, while more polluting companies must buy credits to equalize their emissions. This allows less polluting companies to invest in further reducing emissions, while more polluting companies must consider improving efficiency to avoid credit costs in the future. The Kyoto Protocol oversees carbon credits to help reduce global pollution levels.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Paper for Papyrus:

    “CARBON CREDITS”
    –A UNIQUE WAY TO REDUCE POLLUTION
    Track: Renewable energy

    Urvish Soni (08BIC054) & Ankur Dalal (08BIC072)

    Email: [email protected]
    (M) 9428532878
    Institute of Technology,
    Nirma University

    Global Warming is a well-known issue in today’s world.


    Carbon-di-oxide, Nitrogen-Oxides, Sulphur Oxides and various other harmful
    gases have devastated the world environment in which we live. Many ways to
    reduce Pollution due to those agents and others have been found. Development
    still goes on. Many techniques such as constructing “Renewable –Energy”
    sources, Fuels, and other techniques are being developed. One such “unique”
    technique is allowing Carbon-Credits for Industries to keep a check in the
    emissions of the polluting gases from them.

    INTRODUCTION

    Carbon-Credits are a key component of National and International-


    Emissions trading schemes implemented to lower the effects of global warming.
    Credits are exchanged or sold between trading companies internationally at
    prevailing market prices. The money which is earned is used to sponsor various
    “Carbon-Reduction Schemes” around the world. Many companies sell Carbon-
    Credits to individuals or firms at prevailing market prices. They can reduce their
    carbon emissions level and thus would be termed as legal polluters.

    So the question is what is Carbon-Credit?


    As we know that Credit system of a BANK. One has to return money with interest
    to the bank.
    The Carbon-Credit system is a little different system. ”KYOTO’S TREATY”
    according to European standards has to be signed by the Companies who have
    to take advantage of this system. This is Open to every industry which pollutes
    environment.
    Standards have been set by this Treaty that only fixed amount of Pollution can
    be done or Pollutants can be discharged in a fixed amount in a year.
    There are many large
    industries which pollute less than or more than the given amount of Pollution.
    So the industries which pollute less have some Credits Left with them. While the
    industries which pollute more might have to be penalized for polluting more. So
    they buy Credits which were left with the Industry Polluting less according to the
    existing market rates. Thus the amount of Pollution done is equalized.

    The companies which sell Credits can use the money to further develop
    their technologies so that they can pollute even less. While the companies which
    buy Credits from the other companies have to think about their budgets the next
    time so that they might pollute less or buy ECO-FRIENDLY, technology.

    This treaty comes under UNFCCC [UNITED NATION’S


    FRAMEWORKCONVENTION ON CLIMATE CHANGE].192 Countries are its
    members while the other 4 left are the observers. Due to this organization
    “KYOTO’S TREATY” works.

    Following are the advantages of this treaty.


    1.) The prices of Credits are decided by the organization and not by Politicians
    and so they are flexible.
    2.) The “KYOTO’S PROTOCOL” ensures that all investment goes in “Carbon
    Reduction Schemes” which is in terms and conditions of this treaty.

    Thus we can say that this is not a Technical but a Techno-Manageable way
    to reduce pollution. Due to this treaty Companies are made to think about their
    standards and equipments.

    You might also like