How to Become Climate Change Warrior by Purchase Carbon Credit?Posted by michellumb55 on March 13th, 2021 The last few decades has seen drastic increase in CO2 emission resulting in global warming and extensive climatic change. It is the collective responsibility of everyone on the planet to compensate for the CO2 offset and protect the planet. Global warming has imbalanced the ecosystem and led to number of catastrophes. Carbon credits is a new initiative which allows the companies and industries to compensate for the CO2 emission and greenhouse gas emission in the environment. What is carbon credit and how can it help in protecting the environment? It is a tradable digital permit allowing the holder to emit certain amount of carbon dioxide only. Reason for Creating the Tradable Carbon Credit System The main goal of this system is to ensure that the industries keep a check on the level of their carbon dioxide emission. This allows individuals as well as companies to buy and sell credits and together compensate for the emission. The companies purchase these credits and put a cap on their overall emission. Apart from that with individuals trading on the carbon credit system, it infuses money in the system which allows companies to work on projects that promote conservation. The carbon credits are traded by different companies and hence it helps in taking care of universal carbonoffset. Understanding how the Trading Mechanism Works All the companies have their carbon credits, and this limits their release of CO2. These are tradable and can be purchased or sold by individuals or companies. For example, if a company’s carbon emission is low and fallen below the standard allowance, the company can sell the remaining credits to another company or individual. Now, if a company requires production and activity with higher CO2 emission, the company can purchase the carbon credit. This helps in maintaining a balance between all the companies and individuals and C02 collectively is compensated. The certificate is used by industries, government, as well as individuals and compensate for the CO2 offset. Trading the Carbon Credits to Fight Against Climate Change There are many benefits of this system which helps in fighting for a cause and even doubles up as a good investment option. The UPCO2 token system and credit trading has been adopted by all the major companies to put a cap on their CO2 offset.
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