Carbon Credits for Making Environment More Clean and More Green

Abstract

Abstract Each and every product has several environmental influences. The products and their engineering processes, consume energy, utilize renewable and non-renewable matter and in a process, generate emission of Green-House-Gases. A product is termed as ‘Green’ when its use and disposal, is sustainable from the environment protection point of view. A Green Product is environment friendly and leaves minimum carbon footprint. Whereas, if a product is unsustainable from the environmental point of view, it is termed as ‘grey’. A tradable permit system is one of the policy instruments that has been shown to be environmentally effective in the industrial sector. This will remain so as long as there are reasonable levels of predictability over the initial allocation mechanism and long-term price.

Keywords: Greenhouse, policy, carbon credits, hydroflourocarbons, emissions, fossil fuel

Cite this Article
Bharatbhushan P. Joshi. Carbon Credits for making Environment More Clean and More Green. Journal of Energy, Environment & Carbon Credits. 2017; 7(3): 17–28p.