India Carbon Credits

Carbon credits, also known as carbon offsets, are permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one ton of carbon dioxide or the equivalent in other greenhouse gases.

India Carbon Credits covers the world of energy and the carbon footprint across the globe and actions taken by republic and nation across the world on the same.

A vibrant system for trading in carbon credits (or carbon offsets) is a key mechanism for financing climate action projects. An entity that does an activity that reduces emissions of greenhouse gases (or removals from the atmosphere) is given a 'credit' that can be bought by another entity that must reduce emissions - either by law or voluntarily. This way, money flows into climate action.

The World Bank has estimated that carbon credits could reduce the cost of countries' climate action commitments ( Nationally Determined Contributions or NDCs) by about $250 billion by 2030