Carbon credits are certificates issued to countries that reduce their emission of GHG which causes Climate Change. They are generated by enterprises in the developing world that shift to cleaner technologies and thereby save on energy consumption, consequently reducing their GHG emissions.

Carbon credits are measured in units of Certified Emission Reductions (CERs) each CER is equivalent to one ton of carbon dioxide reduction. Countries with surplus credits can sell the same to countries with quantified emission limitation and reduction commitments under the Kyoto Protocol. Developed countries that have exceeded the levels can either cut down emissions, or borrow or buy carbon credits from developing countries. The certificates are sold to entities in rich countries, like power utilities, which have emission reduction targets to achieve and find it cheaper to buy 'offsetting' certificates rather than do a clean-up in their own backyard. This trade is carried out under an UN-mandated international convention on Climate Change to help rich countries reduce their emissions.

To discuss these issues and dispense knowledge about the varied opportunities in the green business space, we have put together a panel of scholars, speakers and eminent personalities from the field of Carbon Credits and Carbon Credit Trading which is, the Day 2 at the “Green Industrial Evolution India ‘2010”.

Key Take-away

The summit will provide an excellent platform for CDM project hosts, carbon credit buyers, government representatives, DNA's and carbon experts to learn, network and engage in business opportunities in strategic regional hubs.