Carbon Credits
What are carbon credits?
A carbon credit is a certificate that allows a company or organization to emit a certain amount of greenhouse gases. Each carbon credit is equivalent to one ton of greenhouse gases reduced or removed from the atmosphere.
Carbon credits operate on a market mechanism, where companies or organizations can buy and sell carbon credits with each other. This allows companies or organizations with high emissions to offset their emissions by purchasing carbon credits from companies or organizations with lower emissions.
Carbon credits are used to encourage companies and organizations to reduce their greenhouse gas emissions and invest in emission reduction projects.
There are two main types of carbon credits:
- Mandatory carbon credits: Created by government greenhouse gas emission reduction programs.
- Voluntary carbon credits: Created by private greenhouse gas emission reduction projects.
Carbon credits can be generated from various types of projects, including:
- Renewable energy projects
- Forestry projects
- Energy efficiency projects
- Carbon capture and storage projects
Carbon credits are an important tool for reducing greenhouse gas emissions and combating climate change.
In Vietnam, the carbon credit market is in its formative and developmental stages. The Vietnamese government has issued several policies and regulations to promote the development of the carbon credit market.
Other information about carbon credits:
- Carbon credits are traded on the carbon market.
- The price of carbon credits can vary depending on supply and demand.
- Carbon credits can be used to offset greenhouse gas emissions from various activities, such as tourism, transportation, and manufacturing.
CIC has the ability to provide many kinds of carbon credit according to quantity and customer requirement. Contact us for a detailed quote. For further details, please contact hotline: 0866.059.659 for assistance.
