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carbon credit, definition of
- Carbon Credit
A carbon credit is a market-driven way of reducing the impact of greenhouse gas emissions; it allows an agent to benefit financially from an emission reduction. There are two forms of carbon credit, those that are part of national and international trade and those that are purchased by individuals.
Carbon Credits have a rather mixed history, as given the nature of the 'arms length' relationship between the producer of the carbon credit and the consumer of the credit; it's often difficult to ensure a consistent 'carbon value' to a given credit as there is no globally unified method of certification and validation of what exactly is a carbon credit. Further political interference in the market to encourage take up of carbon reducing technologies (like Solar Panels) can devalue credits in market - making it less attractive to trade with. Also carbon credits can be held 'off market' so artificially controlling supply.News & Blog articles where 'carbon credit' used:- How a Small Chinese Company Tricked the German State | DW Investigation
DW uncovered that dozens of Chinese climate projects, certified by the German authorities as carbon credits under the upstream emission reduction scheme, failed to deliver on promises to save millions of tons of carbon emissions... - Is Al Gore the Latter Day Pardoner?
Carbon Credits Are Modern Indulgences. Guest post by Dr. Tim Ball Geoffrey Chaucer (c.1342 – 1400) is among the giants of English literature, recognized for his perceptive and realistic stories about human nature. Like Shakespeare, his characters... - Global carbon market expected to crash, already loses half of its value since 2011, from $18 to less than $10 in 2012
Global Carbon Market Hits $176 Billion in 2011 By Jo Nova Global Carbon Market trading climbed to $176 billion in 2011 according to the The World Bank, which has just released it’s annual State and Trends of The Carbon Market … Continue reading... - Corruption in the carbon trading market
Corruption and crime already taking place in the carbon market Opinion piece by Julie Bishop, Deputy Leader of the Opposition (Australia) 20th July 2011 Carbon offsets have already run out of credit “…..It is alarming that the Prime Minister has …... - Countdown to flatline: world carbon trading market falls for first time – World Bank reports rumblings of possible failure
I wonder how long before flatlining occurs, like last year with the Chicago Climate Exchange (CCX): Even the Guardian is covering this “failure” of carbon markets...
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What is carbon credit?
carbon credit definition.
About carbon credit.- How a Small Chinese Company Tricked the German State | DW Investigation