The United Nations estimates that the world emits 30 billion tons of carbon dioxide every year, with the top ten carbon emitting countries making up more than two-thirds of the total emissions. If you happen to be based in these countries, carbon credits marketed by Emerald Knight can play to your advantage. Reduction, in this case, is rewarded with incentives and bonuses.
China is the top country on the list, recorded to have emitted around seven billion tons of carbon dioxide in 2009 (not including Macau and Hong Kong). Next on the list is the United States, with more than five billion tons (including all its territories). Other heavy carbon emitting countries are India, Russia, Japan, Germany, Canada, Iran, the U.K., and South Korea. With the exception of Iran, many of those in the list are economic powerhouses.
The carbon credit system starts off by imposing an annual limit on the emissions by certain industries. The remaining credit can be sold to a different factory or company if a factory manages to emit less carbon dioxide than the allowable limit. Those who emit more must buy the excess credits to increase their original limit.
The factory that reduced its carbon footprint will gain additional income by selling what’s left of its carbon limit. The limit decreases yearly, forcing industries to cut on emissions or run the risk of spending on buying carbon credits. The top carbon emitters are determined to cut back on their emissions to strike their name off the list.
There’s no specific rate for carbon credits in the market, but estimates say that it's at USD 10, more or less. Carbon credits marketed by Emerald Knight can be bought or sold from one company or industry to the other, serving as a unique incentive system. Carbon credits will stay for as long as the world emits carbon dioxide beyond permissible levels. It just goes to show that there’s a price to pay, literally, for bringing harm to Mother Nature and her children.
Read an easily digestible explanation of the carbon credit system by visiting EnvironmentForBeginners.com. For data on carbon footprints of countries, go to the Millennium Development Goals Indicators’ website at mdgs.un.org.
Emerald Knight Carbon Credits and Their Incentive System