Chapter 7. Carbon and Carbon Trading
Carbon trading is a somewhat nebulous concept because it refers to the potential for trading an absence of CO2 emissions. It is also a very new concept and the voluntary carbon trading market is largely unregulated. In addition, although the situation has improved over the last year, there is a dearth of comprehensive information on carbon trading.
Carbon trading refers to the trading of ‘carbon credits’, or reductions in CO2 emissions. One carbon credit is the equivalent of the reduction of one tonne of CO2 emissions. A carbon credit is a metric which is used to measure the value of, for instance, carbon offset projects, which are discussed later in this chapter.
The Green Guide defines carbon trading as
The ...
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