VI. Carbon Credit Trading

In response to the increasing effects of global warming one of the solutions that nations have considered is the “Cap and Trade System” or known as the Carbon Credit Trading. Cap and Trade is a regulatory system which allows pollution emitters to trade pollution permits, and allowances among themselves. It aims to reduce emissions of carbon dioxide and other greenhouse gases by defining limits on the said emissions.

The emission trading schemes set up a market that will put a value on carbon emissions. It will encourage companies that cut their greenhouse gas emissions and make more expensive for companies who don’t. As more and more companies are forced to compensate for their carbon footprint, the greater the demand is going to be for buying of carbon credits (CC). The Bio Green System Technology Process is a carbon negative process. Unlike with the conventional coal, gas, and other fossil fuel electricity generation that produces 60% of the CO2 emissions, it can provide a large amount of Carbon Credits that can be traded to earn substantial incomes in the coming years. Carbon Credits are actively trading and the price of 1 ton of Carbon Credits has risen from $6 to over $ 35 this year alone. With this rough estimation, it could create a revenue stream worth millions of dollars which can be used to finance economic development and other environmental initiatives.