carbon credit


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carbon credit

n
1. (Chemistry) a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment
2. (Environmental Science) a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment
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The Russian Government has approved this project as JI and already issued 290k tons of carbon credit in CO2 reduction from August through December 2009.
It is still not established how India was able to get carbon credit benefits for the Nimoo-Bazgo project which is located on trans-boundary water and for which ratification of the parties concerned should have been procured before hand by it under clause 37(b) of UNFCC," the official wrote.
ISLAMABAD, May 21, 2011 (Frontier Star): Pakistan Environmental Protection Agency of Environment Ministry is taking initiatives to avail carbon credit facility for all Brick Kilns owners after getting the Red Zone free from kilns.
In the absence of emission assessments and standards, the promotion of false solutions like carbon credit and offsetting is designed to retard the sector's inclination to undertake measures to mitigate emissions," said Mrinmoy Chattaraj of Greenpeace.
Dewa, Dubal and Enoc do not have [emissions reduction] quotas to meet, and as such any carbon credit generated will be sold to the international markets.
You also have criticisms of the carbon credit approach.
Mitsubishi Heavy Industries has transferred carbon credit from its Kaliakra Wind Farm in Bulgaria to Japan.
ArcelorMittal had the highest carbon credit surplus in 2009 and ThyssenKrupp the third.
Prices of this kind of UN-backed carbon credit - certified emission reductions (CERs) - are now falling, while trading volumes have almost dried up.
Under the auspices of the new objective, the government will accelerate the development of clean energies and further relax its restriction on investments by local clean-energy industries in China, in order to gain more carbon credit.
CARBON CREDIT Beyond compensatory handouts, Africa should widely get engaged in carbon credit investment that will enable it to increase contributions to greenhouse gas emissions.
The move by chambers follows the escalation of carbon credit fraud this year, which has potentially cost the UK Treasury millions of pounds in lost revenue, before it imposed a zero VAT rate on trading carbon credits on July 31.