In 2010, a couple in Pennsylvania bought what was dubbed as the first personal carbon credit in the carbon market. Their investment in solar panels worth $58,000 earned them $17.20 for sale of carbon credits to a metal manufacturer in Ohio. No matter how you look at it, the return hardly scratched the surface; but there’s more to this story than the initial figures.
The solar panels were part of the couple's plan to save energy in response to a significant increase in energy costs. The panels allowed them to become an energy producer, without needing to rely on the local utility company for their energy needs. Other energy-saving practices worked in favor of their limited production of energy. These small lifestyle changes, along with carbon capture projects like the carbon credits projects marketed by Emerald Knight, can go a long way in helping the environment.
Individuals can ride the carbon credit bandwagon with companies, as California’s recently conducted cap-and-trade auction proved. Of course, buying carbon credits meant doing their part to stay within the limit (otherwise, there won’t be any carbon credit to pass on). The return may be small, but there's much more in store for the Pennsylvania couple.
It may take them a few years to recover the money they spent on the panels, but they’re looking at around $36,000 in returns. Since they have their own source of energy, they won’t owe the local utility company a cent as long as they stick to their panels. In fact, any surplus energy the solar panels produce may be exchanged for credits by the power company.
The money may not be available as a lump sum, but the fact that they saved their wallet from the rise of energy costs is a load off their back. Carbon capture schemes marketed through carbon credits for Emerald Knight act as a form of incentive for those who manage to stay below the limit. Politicians are hopeful that ordinary people will do their part in reducing carbon footprints everywhere. In fact, an act as simple as changing to energy-saving light bulbs already constitutes a major change.
Read the full story at Guardian.co.uk for details on how carbon credits can help you profit en masse. As there are more individuals than there are companies, the carbon market just tapped into a bigger customer base.
Everyday People Can Buy Into Carbon Credits