Blog 4

Carbon credit markets-

“Carbon credits are a key component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). Carbon trading is an application of an emissions trading approach. Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources. The idea is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less “carbon intensive” approaches than are used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach can be used to finance carbon reduction schemesbetween trading partners and around the world.”

This is a feasable way to promote green industry, penalize polluters, and help get rid of global warming.

The concern of passing the dollar down river to consumer is garbage because a greener business in an industry will have less carbon costs. Thusly they will promote the lowest prices, driving the other business’ to evolve or die.

Cut the red tape, help save the economy by creating both the market and a carbons futures market and have people INVEST in green companies.

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