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Burning of fossil fuels is a major source of Industrial greenhouse gas emissions which increase the atmosphere’s ability to trap infrared energy and thus affect, warm, the climate.
Carbon credits came into existence as a result of increasing awareness of the need for controlling emissions and are a key component of international emissions trading schemes. They provide a way to reduce greenhouse effect emissions on an industrial scale by capping total annual emissions and letting the market assign a monetary value to any shortfall through trading. |
