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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1662 |
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Therefore, a company which wants to emit more pollutants would need to buy extra credit from this group to be able to do so.
Companies generate carbon credits from emission offset projects which can be used by the international entities to meet their emission reduction commitment under Kyoto Protocol or any regional emission trading scheme such as EU-ETS...
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It is the mechanism of trading between companies, the right related to gas emissions such as carbon dioxide, which are considered the cause of global warming. It was adopted by the Parties of the United Nations Framework Convention on Climate Change (December 1997), as a scheme to reduce greenhouse gas emissions efficiently using a market mechanism, and was incorporated into the Kyoto Protocol...
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