Carbon Credits: How they work
Market Volume (MtCO2e*)
Man-made global warming threatens the basis of life, foremost it is threatening the poorest countries, and increasingly it threatens the standard of living in the industrialized world. Market based mechanisms are a strong and proven tool, beyond energy efficiency and savings, for the fight against climate change.
For every ton of avoided greenhouse gas emissions, achieved by e.g reducing deforestation and degradation, the project owner is receiving carbon credits which can be sold to companies and institutions with a voluntary or compliance carbon reduction strategy. For the most part, in Zimbabwe we are going to be focusing on the Voluntary Market.