Carbon trading came forth as a regulatory mechanism to control CO2 emissions, and it has increasingly caught the fancy of governments and industries throughout the globe. Carbon trading is essentially a trade in carbon credits in which every unit of credit allows the purchaser to discharge one tonne of carbon dioxide and other greenhouse gases into the air, and it is the basic trading principle governing the cap-and-trade system as formulated in the Kyoto Protocol. Carbon trading was born out of the necessity to cut down on greenhouse gas emissions, and has become increasingly popular across the globe in recent years. Carbon trading is essentially a trade in carbon credits in which every unit of credit permits the purchaser to discharge one tonne of carbon dioxide and other greenhouse gases into the atmosphere, and it is the fundamental trading principle governing the cap-and-trade system as devised in the Kyoto Protocol.
carbon trading
carbon trading
