Monday, August 24, 2009

Carbon credits

BookValue
Clean Development Mechanism and Carbon Credits
( http://www.icai.org/)

Carbon trading

If a project generates energy using wind power instead of burning coal and in the process saves 25 tonnes of carbon dioxide per year, what is the carbon credit it can earn? 25 CER (carbon emission reduction) or carbon credits, because one CER is equivalent to the reduction of one metric tonne of carbon dioxide, informs Clean Development Mechanism and Carbon Credits: A primer’ from the Institute of Chartered Accountants of India.

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