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Carbon Credits
Carbon credits are a key component of national and international attempts to reduce the amount of greenhouse gas (GHGs) emissions into the atmosphere. One carbon credit is equal to one ton of carbon dioxide and can be achieved through two methods:
- Carbon Reduction Credits (CRCs) – CRCs remove or absorb CO2 from our atmosphere.This is done through bio-sequestration through projects such as the ECO2 Forests Global Forestry Plan, or through ocean and soil collection and storage. The amount of CO2 removed or absorbed from the atmosphere in tons is the equivalent to the amount of carbon credits generated by the particular project
- Carbon Offset Credits (COCs) – COCs are a reduction in total emissions through cleaner energy production such as wind, solar, hydro or bio-fuels. The reduction amount, in tons of CO2, becomes the equivalent amount of credits earned.
