European Union carbon emissions futures rose on Monday, as a cold weather snap across Europe continued, if the cold weather lasts into next week and energy demand remains high, prices could break a key resistance level of 13.55 euros.
Market analyst, Point Carbon has published a report predicting that Europe’s Emissions Trading Scheme (EU ETS) is likely to raise the price of carbon in the EU from around €15 per tonne today to €30 in 2013 and €40 by 2016. If we go with the predictions and wish they come true, will bring a pressure globally to reduce the carbon emission and will create awareness among the people and manufacturers as to what products and services use more carbon and what are the substitutes available. High carbon price will give more incentive to the inventors and innovators to develop and introduce low carbon products.
What is carbon credit: Carbon credits create a market for reducing greenhouse emissions by giving a monetary value to the cost of polluting the air. Emissions become an internal cost of doing business and are visible on the balance sheet alongside raw materials and other liabilities or assets. Carbon credits are a key component of national and international attempts to mitigate the growth in concentrations of greenhouse gases with One Carbon Credit is equal to one ton of Carbon Dioxide or in some markets Carbon Dioxide equivalent gases.
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. There are two distinct types of Carbon Credits: Carbon Offset Credits (COC's) and Carbon Reduction Credits (CRC's). Carbon Offset Credits consist of clean forms of energy production, wind, solar, hydro and biofuels. Carbon Reduction Credits consists of the collection and storage of Carbon from our atmosphere through biosequestration (reforestation, forestation), ocean and soil collection and storage efforts. Both approaches are recognized as effective ways to reduce the Global Carbon Emissions.
Information Sources: reuters.com
Knowledge Source: Wikipedia.org
Market analyst, Point Carbon has published a report predicting that Europe’s Emissions Trading Scheme (EU ETS) is likely to raise the price of carbon in the EU from around €15 per tonne today to €30 in 2013 and €40 by 2016. If we go with the predictions and wish they come true, will bring a pressure globally to reduce the carbon emission and will create awareness among the people and manufacturers as to what products and services use more carbon and what are the substitutes available. High carbon price will give more incentive to the inventors and innovators to develop and introduce low carbon products.
What is carbon credit: Carbon credits create a market for reducing greenhouse emissions by giving a monetary value to the cost of polluting the air. Emissions become an internal cost of doing business and are visible on the balance sheet alongside raw materials and other liabilities or assets. Carbon credits are a key component of national and international attempts to mitigate the growth in concentrations of greenhouse gases with One Carbon Credit is equal to one ton of Carbon Dioxide or in some markets Carbon Dioxide equivalent gases.
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. There are two distinct types of Carbon Credits: Carbon Offset Credits (COC's) and Carbon Reduction Credits (CRC's). Carbon Offset Credits consist of clean forms of energy production, wind, solar, hydro and biofuels. Carbon Reduction Credits consists of the collection and storage of Carbon from our atmosphere through biosequestration (reforestation, forestation), ocean and soil collection and storage efforts. Both approaches are recognized as effective ways to reduce the Global Carbon Emissions.
Information Sources: reuters.com
Knowledge Source: Wikipedia.org
Image source: philsbackupsite.wordpress.com
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