Policy | VOL. 8, ISSUE 46, January-February 2008 |

What are Carbon Credits?

Build-up to the carbon credits mechanism From a theoretical construct proposed by politician and academicians during early to mid 90s, to an important part of Kyoto Protocol in 1997, the greenhouse gas premise has today given way to a vibrant and active market. The ‘97 Protocol targets a 5.2 percent reduction of greenhouse gases below 1990 - base levels in net anthropogenic emissions during the ‘commitment period’ - 2008 to 2012. Targets are however not provided for developing countries except...

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