2007-02-06 05:25:51 · 4 answers · asked by Derek B 1 in Environment
Carbon credits are monies paid to a company or individuals through brokers. When through some procedure or technology which the business owns reduces the amount of carbon that would go into the environment and they work per 1 tonne of carbon reduction.
For my job we flare landfill gas from methane to co2 a much less harmful greenhouse gas than methane. For every tonne of co2 that we create we will be paid a set amount of money for by a broker. These brokers then sell these credits on to companies who pollute the environment with greenhouse gases to off-set the pollution that they make.
Its a bit of a con really and credits can only be made by countries signed up to the Kyoto Protocal ie not the USA.
2007-02-07 00:57:23 · answer #1 · answered by I8myjob 3 · 0⤊ 0⤋
Not a hundred percent on this yet, but believe you get carbon credits for insulating your house and other engery saving measures, such as errecting a wind farm on your land or one wind generator next to your house. God knows if you'll get planning permission or the co-operation of neighbours, who may not want a great big propeller thing rotating near them, with all that noise at night.
Not sure what you are supposed to do with the credits.
I think it would work far better if we actually got cash or some sort of unit we could use to spend on the Internet. Maybe you'll be able to sell your carbon credits on e-bay.
#
2007-02-06 05:37:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You're given an allotment of fossil fuel that you can use...If you use less you will have excess which are credits...Under some systems, you can sell these credits to others that use/need more than their allotment.
2007-02-06 05:30:45 · answer #3 · answered by feanor 7 · 0⤊ 0⤋
It's all a blind, so that industry can keep polluting and pretend to be green.
2007-02-06 07:01:08 · answer #4 · answered by funnelweb 5 · 0⤊ 0⤋