Created on 10th February 2024
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It can be used to trade carbon credits . Industries that have major contribution in emitting large amount of carbon can use this place to trade carbon credits which can help the environment to restore to its normal state and thus help the industry owners get a source of monetization and thus help to restrict the carbon emission with the fear of losing money for those who exceed their carbon emission limit.It basically is trade platform for small industries to large industries which contribute in emission of carbon emissions.
1 Carbon Credit= 1 metric tonne carbon emmision reduced
It basically works in the following way:
If a company 'A' has carbon emission limit of 10,000 metric tonne of carbon emission per month but the company has emiited say suppose 9000 metric tonne carbon only and another company 'B' has carbon emission limit of 12,000 metric tonne of carbon emission per month but the company is estimated to emit carbon more than its limit emission , so company B can buy the remaining amount from the company A. Thus, maintaining the balance of carbon content in the environment. As these industries start taking steps in reducing their carbon emissions the content of CO2 will definitely reduce in the air thus giving us vast amount of pure air to breathe.This will also help in stopping the depletion of ozone.The Carbon emission reduction can be done by using those machines that emit less amounts of carbon.This can also be done by using the electricity that is produced by those companies which use renewable form of energy or which do not emit carbon.
Carbon Offsests :
Carbon offsets are a way for individuals, companies, or organizations to compensate for their greenhouse gas emissions by investing in projects that reduce or remove an equivalent amount of emissions elsewhere. These projects can include renewable energy projects like wind farms or solar power installations, reforestation or afforestation initiatives, methane capture at landfills or agric.
We had certain challenges that needed to be tackled ver calmly and some of these challenges are:
1.Verify Company
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