Carbon credits pertains to the right to emit a certain volume of greenhouse gases. The current measure is that one ton of C02 (or C02 equivalent gases) is equal to one carbon credit. To encourage businesses and companies to minimize their emission of greenhouse gases, they can exchange, buy, and sell carbon credits in the international market.
Carbon Credits
Related Terms
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The Quantity Theory of Credit is an economic theory that emphasizes the role of credit creation by banks in influencing the economy.
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Consumer credit is an economic indicator that measures the amount of credit extended to consumers in a given period of time.
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