A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent (tCO2e) equivalent to one tonne of carbon dioxide.
No, in now way carbon credit can hamper progress of a developing country. How many developing countries are keeping track of their emission. Actually many developing countries are taking these credit and using the money to their advantage.
@Saifullah Sb,
I respect your opinion but Sir USA and China are the biggest contributor to Carbon dioxide emissions. They should first implement it in their country. Through Carbon Credits they are still emitting same quantity of Carbon dioxide but they produce the certificate by reducing the emissions in some other developing country. In my opinion, this is unfair.
Bilal just to put on record China never pays for carbon dioxide emission, actually it takes money from carbon fund to reduce emission in leiu of emissions of some European countries. I dont know of any such credit in US since they are not even signatory to the kyoto protocol that govern it. Actually all this business of carbon trading is a novel concept that cannot be effective in most countries. But most European countries are happy to pay poorer countries to reduce their emission in developing countries which unfortunately dont have the resources to do so. So a little money here and there justifies their continued higher emission.
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