Carbon credits in a nutshell standard
What is a carbon credit? What makes for a credible carbon credit and how does it all work? The concept of carbon credits is relatively new to the industrialised world. The first time it was seen was in the United States at the end of the 1980s with the cap and trade system. This allowed companies to produce a set amount of carbon emissions. If they exceeded their cap they had to buy credits to offset their emission overdraft, but if they didn’t they could sell their excess to other companies. However, the cap and trade system was viewed by some as simply a way of ‘paying to pollute’. Enviro-Mark Solutions senior advisor Stu McKenzie says that while carbon credits ...
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