How do developed countries buy or trade carbon credits?

Question

Is there an excahnge or trading network for large CO2 emitting corporations to buy carbon credits in order to stay below their limits?

Answer 1

Carbon credits are another means of redistributing wealth, in other words socialism. Carbon Credits are a lot like junk bonds. Nothing changes, your money just goes someplace else.

How do you charge volcanoes for their CO2 emmissions? Does the country that has a volcano in it have to pick it's tab too?

Man made global warmin is a crock. If we are responsible, how do you explain the Climactic Optimum from about 900-1200? Greenland was actually green (hence it's name). In fact it was warmer then, than it is now. No SUVs. I also find it amazing that we can go from a global cooling scare in the 1970's to global warming in thirty short years.

The Catholic church did something like that called indulgences. Basically you pay the church to be absolved of your sins.

Answer 2

yes you buy them at an "exchange" like www.ecosecurities.com
there are more like those people around.
They in turn get involved in projects reducing CO2 emmissions, thus earning credits that they can sell.

It is highly complexed ow the different countries are allocated credits andit is negotiated and based on previous usages.

It is worth to remember that the credits for smaller companies are, well, small and non required. We are largely talking about utility companies, gas electricity providers, airlines, petrol companies, chemical plants, you know bigger companies where they really make a difference to the co2 emissions. Some of these are behind developing alternatives and may need to buy their way out until they are able to reduce emissions.

Laptops generate the same pollution as a plane. The energy consumption by the worlds computers are huge. Look out for energy saving and green laptops....

Answer 3

Something like this:
http://politics.guardian.co.uk/green/story/0,,2093850,00.html

"There are doubts about the validity of some of these CERs, on two separate grounds. First, some of them appear to breach the CDM's requirements for sustainable development - 53% of the existing CERs come from just six monster projects, in India, China and South Korea, all of which engage in the most controversial form of carbon reduction. They manufacture refrigerant which produces as a side effect a gas called HFC-23. Although carbon dioxide is the most common greenhouse gas, HFC-23 is 11,700 times more likely than carbon dioxide to encourage global warming. Refrigerant companies find it relatively cheap to instal an incinerator to burn the HFC-23 and, once that is converted into certified reductions of emission, each tonne saved can be sold as 11,700 carbon credits. These companies are now earning millions of euros from these credits - more than from selling their refrigerant products.

The environmental problem is two-fold, first that HFC factories tend to pour out other pollutants which don't happen to be greenhouse gases but which are unpleasant or dangerous for local communities; and second, that the potential profits from burning HFC-23 are so great that companies are being encouraged to expand production of refrigerants so they can produce more HFC-23 to incinerate, thus increasing the net amount of pollution."

Answer 4

The carbon trading scheme works by setting a limit on emissions, if an organisation reduces their emissions they can sell their surplus carbon credits to another organisation - one that is unable to stick within it's limits.

The organisations that reduce pollution benefit from the sale of carbon credits whereas those who pollute the most have to pay for additional credits.

It's effectively an incentive scheme to encourage organisations to reduce CO2 emissions. It works a little like stocks and shares in that the buyer negotiates a deal through a broker who in turn buys the credits from the seller.

Answer 5

Credits can be exchanged between businesses or bought and sold in international markets at the prevailing market price. There are currently two exchanges for carbon credits: the Chicago Climate Exchange and the European Climate Exchange.

Answer 6

Developing countries don't have the money to buy carbon credits so Al Gore doesn't care.

Answer 7

that is extremely called prevalent investment administration LLP, in spite of the shown fact that that is 2 founders Al Gore and David Blood - from Goldman Sachs no much less, desperate to nickname the corporation Blood & Gore, this is exceedingly smart in case you question me. in spite of the shown fact that my uncle additionally advised me that there have been no coincidences in existence, meaning Al Gore probable sought somebody out who's surname became Blood so he could have a corporation nicknamed 'Blood and Gore.' So there this is.

Answer 8

everyone gets a set amount of carbon that they are allowed to use, if they have left over at the end of the period they are able to sell the remainder to someone who needs to use more