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Carbon Credit

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Carbon Credit Trading as a way of Corporate Social Responsibility (CSR)
Submitted to Ms. Neharika

10/29/2012
Birla Institute of Technology Mesra (Noida Ext. Centre)
Devika Singh (IMBA/4567/12) Samridh Singh (IMBA/4565/12) Sunisha Gautam (IMBA/4566/12) Akshay Maheshwari (IMBA/4568/12)

Carbon Credit as a way of Corporate Social Responsibility (CSR)
The Collins English Dictionary defines a carbon credit as “a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment”. Carbon Credit is a permit that allows the holder to emit one ton of carbon dioxide. Credits are awarded to countries or groups that have reduced their greenhouse gases below their emission quota. Carbon credits can be traded in the international market at their current market price. Carbon credits and carbon markets are a component of national and international attempts to lessen the growth in concentrations of greenhouse gases. One carbon credit is equal to one metric tonne 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. The burning of fossil fuels is a major source of greenhouse gas emissions, especially for power, cement, steel, textile, fertilizer and many other industries which rely on fossil fuels (coal, electricity derived from coal, natural gas and oil). The concept of carbon credits came

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