Carbon Credit and Trading: An Overview

Green Environmentalist works to support legislation and businesses that care about the environment because global warming is now expensive. We are all aware that the amount of carbon dioxide in the atmosphere of the Earth has been rising alarmingly, making it the most major greenhouse gas produced by the burning of fuel. As a result, a global "carbon market" that permits trading of carbon credits both inside and outside the regulated area has been developed. As part of the Kyoto Protocol, constraints on Green House gas (GHG) emissions are implemented in this system of carbon trading, and the predetermined emission limits are subsequently allocated among the various countries, who are then obligated to regulate the greenhouse gas emissions produced by the different business enterprises operating inside them. The main objective of this article is to discuss the essential abstraction and consequence of carbon credit