EBTI is Bringing ace thought leadership to your decarbonization journey.
EBTI Carbon credit vision: One step innovative solutions and integrated services to our clients with combined science and engineering expertise to provide carbon avoidance, carbon reduction, carbon sequestration and carbon offsetting in order to achieve carbon neutrality.
WHAT IS CARBON CREDIT?
A carbon credit is a tradable permit or certificate that provides the holder of the credit the right to emit one ton of carbon dioxide or an equivalent of another greenhouse gas.
A carbon credit is a tradable permit or certificate that provides the holder of the credit the right to emit one ton of carbon dioxide or an equivalent of another greenhouse gas. • One carbon credit is equal to one tonne of carbon dioxide.
• The European Union’s carbon credits traded from $7.78 to $25.19 averaging $16.21 per tonne in 2018.
• The main goal for the creation of carbon credits is the reduction of emissions of carbon dioxide and other greenhouse gases from industrial activities to reduce the effects of global warming.
• Those that cannot easily reduce emissions can still operate, at a higher financial cost.
• Carbon credits are based on the “cap-and-trade” model that was used to reduce sulfur pollution in the 1990s.
• One carbon credit is equal to one metric ton of carbon dioxide, or in some markets, carbon dioxide equivalent gases (CO2-eq).
• Negotiators at the Glasgow COP26 climate change summit in November 2021 agreed to create a global carbon credit offset trading market.
• As Nations have progressed, we have been emitting carbon, or gases which result in warming of the globe.
• Some decades ago a debate started on how to reduce the emission of harmful gases that contributes to the greenhouse effect that causes global warming.
• So, countries came together and signed an agreement named the Kyoto Protocol.
• The Kyoto Protocol has created a mechanism under which countries that have been emitting more carbon and other gases (greenhouse gases include ozone, carbon dioxide, methane, nitrous oxide and even water vapor) have voluntarily decided that they will bring down the level of carbon they are emitting to the levels of early 1990s.