CARBON CREDIT

A carbon credit is a generic term meaning that a value has been assigned to a reduction or offset of greenhouse gas emissions. One carbon credit is equal to one tonne of carbon di-oxide, or in some markets, carbon di-oxide equivalent gases. Carbon trading is an application of an emissions trading approach.

 Carbon Footprint: Carbon footprint is a measure of the impact of our activities on the environment, & in particular on climate change. It relates to the amount of green house gases we are producing in our day-to-day lives through burning fossil fuels for electricity, heating, transportation, etc. Our Carbon ‘footprint’ is a measurement of all greenhouse gases we individually produce. It is measured in units of tonne (or Kg) of carbon di-oxide equivalent. A carbon footprint is a total set of greenhouse gases (GHG) emissions caused by an organization, event or product. For simplicity of reporting, it is often expressed in terms of the amount of carbon di-oxide, or its equivalent of other GHGs, emitted.

                                   A carbon footprint is made up of the sum of two parts, the primary footprint & the secondary footprint.

                          1. The primary footprint is a measure of our direct emissions of CO2 from the burning of fossil fuels including domestic energy consumption & transportation (e.g. car & plane). We have direct controls of these.

                          2. The secondary foot print is a measure of the indirect CO2 emissions from the whole lifecycle of products we use- those associated with their manufacture & eventual breakdown. To put it very simple-the more we buy the more emissions will be caused on our behalf.