What are the Pros of Carbon Trading?
Thursday,
Nov 19
Nov 19
In an effort to improve on the reduction of green house gases into the atmosphere many countries have come up with a market based approach known as carbon trading. So how does carbon trading work? And what are some carbon trading pros and cons? Carbon trading involves a regulating body and several companies. The regulating body sets a cap of how much aggregate carbon can be emitted into the atmosphere and then either auctions off or gives away a certain amount of carbon permits to each business equaling the aggregate amount. If a certain company is over their limit they can either reduce their emissions or buy credits from a company that has extra carbon credits. Companies with left over credits can either sell them on the market or bank them for future use.

Related Posts
- What is the Point of the European Union Emission Trading Scheme?
- How to Go Green and Save Money with the Hybrid Car Tax Credit?
- What Are the Ethanol Fuel Pros and Cons?
- Biofuel from Algae: Can I Farm It at Home?
- Algae Power Plant: Myth or Reality?
You Can Use This Form to Leave Your Feedback or Ask Additional Question
You must be logged in to post a comment.