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What is a Carbon credits?
Dictionary
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#C
- Cradle to Cradle
- Conference of the Parties (COP)
- CO2 (Carbon dioxide)
- Carbon Disclosure Project (CDP)
- CDP (Carbon Disclosure Project)
- Circular economy
- Calculation
- Climate change
- Climate change adaptation
- Combating climate change
- Climate wisdom
- Climate anxiety
- Climate crisis
- Climate outrage
- Climate positive
- Climate conscious
- Closed loop
- Carbon footprint
- Carbon neutral
- Carbon Tax
- Carbon Capture, Utilization and Storage
- Carbon offset / Carbon balance
- Carbon capture and storage (CCS)
- Cogeneration Systems
- Compost
- Corporate Carbon Footprint
- Carbon Footprint Calculator Software
- Carbon Equivalent
- Carbon credits
- Clean energy
- Cleaner production
- Consumer
The Kyoto Protocol, which entered into force in 2005 and has been ratified by 181 countries, has limited the greenhouse gas emissions of 40 developed countries to certain limits, thus giving these gases a commercial value. In addition to countries that do not want to exceed their national quotas set by the Protocol, industrial organizations subject to the European Union Emissions Trading Scheme and companies that want to show their environmental sensitivity have become supporters of these projects by purchasing credit certificates documenting projects that reduce greenhouse gases around the world. In countries that are not party to the Kyoto Protocol, such as Turkey, projects that reduce greenhouse gas emissions are considered as voluntary emission reductions and credit certifications are issued accordingly. These credit certifications are commonly referred to as carbon credits since 1 ton of carbon dioxide is accepted as the base unit for the greenhouse gas reduction achieved by the projects and carbon dioxide is used as the unit of measurement when different greenhouse gases are calculated in terms of each other. Obtaining credit certifications requires the successful completion of the project development activity together with the planning, application, registration, approval and follow-up processes for the emission reductions realized, which can be characterized as difficult and complex. These credits are traded commercially around the world, creating a rapidly growing market.