CARBON CREDITS
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Carbon Credits are a way of trading good for bad. As a member of The Green Climate Club you will be able to buy Carbon Credits you need to offset your carbon footprint using your Green Points, so it will not cost you anything to help climate change. Even more importantly through Green Points you will be able to recoup the cost added to various items as they are forced to compensate for the GHG liability created by the products you, when the ETS comes into play..

Wondering what and how the Emission Trading System (ETS) works?

‘Carbon credits’ and ‘emission reduction units’ are the terms used to collateralise greenhouse gas emission reduction activities. Carbon credits are typically measured as ‘one tonne reduction of carbon dioxide or equivalent’ or ‘CO2-e’. Greenhouse gases have been identified through the Kyoto Protocol and include: carbon dioxide (CO2); methane (CH4); nitrous oxide (N2O); and fully fluorinated compounds (PFCs, HFCs and SF6). Each gas has a different ‘global warming potential’ (GWP) and this is measured as a factor of CO2. For instance, methane is 21 times more effective in trapping heat as CO2, therefore a one tonne reduction of methane will result in 21 ERUs (Emission Reduction Units) measured in CO2-e. The e stands for equivalent.

As a result of the Kyoto protocol and the world’s desire to reduce greenhouse gasses, trading in Carbon Credits is starting to intensify. Major financial institutions are predicting that Carbon Credit trading is phenomenon that is destined to become one of the most intensely traded commodities in the world.  As more and more companies are forced to compensate for their carbon footprint, the greater the demand is going to be to buy carbon credits (CC). How Emission Trading Systems (ETS) work is shown below.

Emissions trading schemes set up a market that puts a value on carbon credits just like any other commodity. It facilitates companies to buy Carbon Credits to offset the greenhouse gas emissions they generate and makes allow the sale of excess CCs earned by companies who have become less GHG generators.

If you as an individual acquire Carbon Credits to offset your individual carbon footprint, the CO2 of which you create in your daily activities, and which in fact is the driving force creating climate change, you will be making a significant contribution to reducing climate change. 

At the end of the day it is us individuals, who is responsible for creating the carbon emission problem, because everything we consume or use is directly or indirectly, responsible for the creation of Green House Gas (GHG). For example if we did not use electricity there would be no need to burn coal or oil at power stations that create greenhouse gases.  If we did not use transport there would be no carbon emissions from oil. Almost everything we consume or use creates greenhouse gas in its manufacture or provision. Even our garbage and waste is largely responsible for creating masses of greenhouse gas.

The Green Climate Club has an Agreement with Global NRG Ltd to buy Carbon Credits from them to meet our members need. See www.nuglobalnrg.com

This is how an Emission Trading Scheme Works: