With the overarching goal of reducing emissions, carbon markets enable the trading of carbon credits. With the help of these marketplaces, emissions can be lowered, or energy efficiency can be increased. For instance, an industrial facility that surpasses emission requirements is eligible for credits. A unit that is having trouble meeting the requirements might purchase these credits and demonstrate compliance with the requirements. While the purchasing unit is able to carry out its operational responsibilities, the unit that performs higher on the standards makes money by selling credits. Click on the “Download PDF” option provided below to know more on-
- What are Carbon Markets?
- When and why was it introduced?
- How are domestic or regional carbon markets functioning?
- What new rules have been added to amend the Energy Conservation Act of 2001?
- What is the motive behind the new rules?