Since carbondioxide is the principal greenhouse gas, people speak simply of trading in carbon. Carbon is nowtracked and traded like any other commodity. For carbon credits for individuals, see personal carbon trading. For voluntary schemes, see carbon offset. It is bought by an entity wanting to reduce its carbon footprint, and it is sold to them by an entity implementing a project somewhere else that will reduce or capture carbon dioxide emissions.Talking about carbon involves us in a complicated mix of science, economics, politics, business and the simple desire for a cleaner world.
The important thing to know is that the mandatory and voluntary buying and selling of carbon credits collectively bring about the development and use of greener technology and the creation or preservation of native forests and other natural resources. What sort oContents:1. Reforestation carbon trading credits offsets have serious negative social and local environmental impacts13.
Photo provided by PACE. Photo taken by the Green Building Council of South Africa.Purchasing carbon credits enables businesses to offset their emissions to achieve carbon neutrality. Although organisations should first look at mitigating their emissions, carbon credits can assist with making up the balance of their emissions that cannot be reduced in the short term. For organisations in South Africa the purchase of carbon credits is currently voluntary.
There are many options when it comes to the purchase of carbon reforestation carbon trading credits but is important that the credits purchased are from legitimate projects.