Management Accountant
40581 Points
Joined June 2010
You must of heard of Global warming being discussed at World Climate Summit, Earth Summit and other International forums. The developed and developing countires have been emitting excess carbon di oxide which is harming the earth, more so the advanced countries. The carbon credit system looks to reduce emissions by having countries honor their emission quotas and offer incentives for being below them.Credits are awarded to countries or groups that have reduced their green house gases below their emission quota.