Understanding Carbon Credits

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Understanding Carbon Credits Climate change is no more an environmental concern. It has emerged as the biggest developmental challenge for the planet.

Its economic impacts, particularly on the poor, make it a major governance issue as well. Companies can exploit numerous business opportunities that are likely to arise out of climate change mitigation and adaptation. The global market for low-carbon technologies is estimated to amount to USD 3 trillion per year by 2050 , throwing up significant commercial opportunities. Already, it is estimated that industries such as renewable energy, waste management and water treatment will be worth USD 700 billion globally by 2010 – on par with the value of the global aerospace industry.

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