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2. Carbon credit Generic term to assign a value to a reduction of greenhouse gas emissions. Usually equivalent to one tone of carbon dioxide equivalent (CO2) Or simply we means Permit that allows the holder to emit one ton of carbon dioxide 5/8/2011 2

3. if an environmentalist group plants enough trees to reduce emissions by one ton, the group will be awarded a credit. If a steel producer has an emissions quota of 10 tons, but is expecting to produce 11 tons, it could purchase this carbon credit from the environmental group. 5/8/2011 3

4. Back ground Burning of fossil fuels is a major source of industrial greenhouse gas emissions, especially for power, cement, steel, textile, fertilizer and many other industries which rely on fossil fuels The GHG includes carbon dioxide, methane, nitrous oxide, hydro fluorocarbons (HFCs), etc 5/8/2011 4

5. Back ground All of which increase the atmosphere's ability to trap infra red energy and thus affect the climate. The concept of carbon credits came into existence as a result of increasing awareness of the need for controlling emissions The IPCC 5/8/2011 5

6. Co2 AN important GHG Carbon dioxide, the most important greenhouse gas produced by combustion of fuels, has become a cause of global panic as its concentration in the Earth’s atmosphere has been rising alarmingly. 5/8/2011 6

7. Co2 AN important GHG that helps people, countries, consultants, traders, corporations and even farmers earn billions of rupees. This was an unimaginable trading opportunity not more than a decade ago. 5/8/2011 7

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