With all that talk about how much carbon dioxide is released in the air, one would wonder that something be done to control this evil release of a gas that is known to cause problems to us today or tomorrow. Since we cannot filter and control, the next best thing is to monitor and restrict.
Thus came into being the concept of carbon credits. These credits are our attempts to keep the various green house gas emissions under check. A smart thing done by countries that came together and signed an agreement named the Kyoto Protocol. A single credit is equivalent to 1 ton of carbon dioxide or equivalent gases released in the air.
Every country is assigned a fixed credit. Developed countries, mostly European, had said that they will bring down the level in the period from 2008 to 2012. In 2008, these developed countries have decided on different norms to bring down the level of emission fixed for their companies and factories. The goal is to make companies go down the green route through mutual agreement and market mechanisms that bring about a change in the industrial processes either by way of replacement or by upgrading process, thereby making them greener.
There are also many companies that sell carbon credits to commercial and individual customers who are interested in lowering their carbon footprint on a voluntary basis. So it’s like a clan of earth loving entities that bring about change by way of contracts rather than the traditional means of campaigns.