Kent & Sørensen

Carbon Credits and Emission Trading

The concept of carbon credits came into existence as a result of increasing awareness of the need for controlling emissions. Carbon credits are warrants that represent carbon neutralizing behavior (ie; maintaining a forest, sequestering carbon underground, or breaking down greenhouse gases). In some countries, factories and power plants are required to purchase carbon credits that offset their pollution. These vouchers are used to fund the development of clean technology and conservation, and they also promote green business practices

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