Carbon Credits and Carbon Trading: Impact on Climate Change
Journal Title: International Journal of engineering Research and Applications - Year 2017, Vol 7, Issue 9
Abstract
The temperature of earth has seen a phenomenal jump in last decade or so. Most of this change is attributed to the rise in level of carbon dioxide due to burning of fossil fuel. The developed nations of the world are major contributors to this global warming effect. In order to offset their responsibility towards environment, these developed nations proposed the concept of carbon credit and carbon trading. A significant landmark in the development of framework for carbon credits and carbon trading is Kyoto protocol. This paper is an attempt to review the mechanism behind carbon credits and carbon trading.
Authors and Affiliations
Sahibjot Singh Sra, Arvind Dhingra, Jaswinder Singh
Keywords
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