Reducing carbon emission and earning brownie points for a highly potential carbon market are the key points of Carbon Market Company Guide. The global carbon market has an estimated value of over $30billion.
The background of Carbon Market
Since the post-19th century industrial revolution, carbon has fuelled a new wave of economic development. It has led to some of the greatest accomplishments of the modern society; electric lighting, the automobile, and flight, include a few. Though carbon products and bi-products served beneficial purpose in our daily lives, the demerits of carbon gas emissions were soon discovered. People soon came to know of the global warming effect, caused by usage of carbon based fuel sources which release carbon gases into the air, leading to trapping of heat within the Earth’s atmosphere. The trapped heat led to raised temperature and thereafter, and with time led to changing climatic conditions and other hazardous effects.
Now different nations have agreed to certain regulatory and market based remedies which would reduce the effects of global warming, and also put a price tag on clean, healthy air. It is an entirely new industry which focuses on the rising world carbon market that holds enormous potential for investors.
The Kyoto Protocol
Kyoto Protocol, an international agreement was signed in 1997. It became effective from 2005. The Kyoto Protocol was aimed at reduction of greenhouse gas emissions up to 5.2% by ‘Annex I’ nations through 2012.
The Kyoto Protocol agreement is also aimed at cutting down the green house effects of five other dangerous gases, including Methane, Nitrous Oxide, Hydro Flurocarbons, Per Flurocarbons, and Sulpur Hexafluoride.
Key Points of Kyoto Protocol
The Kyoto Protocol suggests of 3 ways achieving emission reductions, direct gas emission reduction through power-saving environment in home and office, usage of filters to reduce carbon emission, and payment of penalty for emissions beyond the legal limit, or by buying carbon credits.
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