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What
are Carbon
Credits?
Amidst growing
concern and increasing awareness on the need for pollution control, the
concept of carbon credit came into vogue as part of an international
agreement, popularly known as the Kyoto Protocol. It
is
estimated that 60-70% of GHG emission is through fuel combustion in
industries like cement, steel, textiles and fertilisers. Some GHG gases
like hydro fluorocarbons, methane and nitrous oxide are released as
by-products of certain industrial process, which adversely affect the
ozone layer, leading to global warming. ........ ....... Back >>> |
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