in carbon emission trading , how a company sells their carbon emission to other companies?
Actually they sell their lack of carbon emissions. There is a whole trading system in Europe due to their compliance with the Kyoto protocols called the CDM, or Clean Development Mechanism. Companies in Europe fund projects in the third world that avoid or diminish CO2 emissions and then sell the resulting CO2 savings as credits.
In the US, we do something similar although it is called the "voluntary" market since there is no national law requiring it. An market has been set up in Chicago, called the CCX, that manages these trades. There is a similar market in New York.
There is one other market now in the US in the northeast called RGGI. CO2 allowances are being bought from the 10 states in RGGI that will gradually be lowered to put an economic penalty for releasing CO2 and to raise money for renewable projects.
Where’s the rest of your question? I’ll try to answer, but I don’t know what you’re asking.
References :
they work through a brokerage firm. When a company has extra carbon credits, they notify a company that will list those credits for sale to the highest bidder.
References :
Actually they sell their lack of carbon emissions. There is a whole trading system in Europe due to their compliance with the Kyoto protocols called the CDM, or Clean Development Mechanism. Companies in Europe fund projects in the third world that avoid or diminish CO2 emissions and then sell the resulting CO2 savings as credits.
In the US, we do something similar although it is called the "voluntary" market since there is no national law requiring it. An market has been set up in Chicago, called the CCX, that manages these trades. There is a similar market in New York.
There is one other market now in the US in the northeast called RGGI. CO2 allowances are being bought from the 10 states in RGGI that will gradually be lowered to put an economic penalty for releasing CO2 and to raise money for renewable projects.
References :
CO2 engineer