Learning About Types of Carbon Credits Through Emerald Knight Consultants
The world may be heading towards a catastrophe of unimaginable proportions. Several environmental experts claim that global warming is a looming danger due to high greenhouse gases in the atmosphere and intense deforestation. The latter, in turn, reduces the ecosystem's ability to reprocess carbon dioxide (CO2) into oxygen.
The extension of the Kyoto Protocol until 2020 has given the international community an added push to trim all carbon emissions. Part and parcel of this effort is carbon credits trading, particularly among CO2 emitters of every stripe. If you are a CO2 emitter and you want to join such a market, you may want to seek guidance from companies that market carbon credits like Emerald Knight Consultants. This way, you'll learn which types of credits are applicable to you and how much you ought to trade.
Carbon credits are broken down into two categories. The Compliance Carbon Credits are the credits that are regulated and traded under the Kyoto Protocol. Emitters will often have specific reduction targets to meet. The Voluntary Carbon Credits are credits usually traded across several specific markets, especially in the United States, which has not ratified the Protocol and has no binding targets either.
The Certified Emission Reduction (CER) is the most basic form of Compliance Carbon Credit and this is found among projects in developing countries. The Clean Development Mechanism governs the emissions certification for such projects. Its counterpart in developed nations is the Emission Reduction Unit, which is made through Joint Implementation programs. The European Union also has its own trading scheme that follows the Protocol, called the EU Emissions Trading Scheme.
Emitters trading in Voluntary Carbon Credits can start through Voluntary Carbon Standard (VCS) credits, which have been established as an international standard. Already meeting standards as stated in the Kyoto Protocol, VCS credits require independent verification of permanent, measured abatement. Renewable Energy Certificates are unique in the sense that they represent how much CO2 is saved through the efficient use of renewable energy sources like wind in generating one megawatt-hour of electricity.
Climate change is enough to give people pause about the environment's woes. Carbon credit projects such as those marketed by companies such as Emerald Knight Consultants will help reduce carbon emissions and help reduce damage to the environment.