Question 1

Carbon credits explained?

Accepted Answer

A carbon credit is a permit that allows a company to emit carbon above mandated amounts. One carbon credit equals one metric ton of carbon. Project-based carbon credits go beyond just being a “permit to pollute.” They represent a metric ton of carbon offset through an environmental project.

Question 2

How does a carbon credit work?

Accepted Answer

A carbon credit is a permit that allows the person holding it to emit a certain amount of carbon or other greenhouse gas (GHG). One carbon credit equals one metric ton of carbon. The compliance carbon market is where carbon credits are bought and sold.

Question 3

Carbon footprint explained?

Accepted Answer

A carbon footprint is a way to measure the total amount of greenhouse gases (GHG), which includes carbon dioxide and methane, that we emit each day through our actions.

Question 4

What is carbon tax in simple words?

Accepted Answer

A carbon tax is imposed on businesses to deter pollution. So, when companies burn fossil fuels or commit other acts that emit greenhouse gas (GHG) into the atmosphere, companies pay a hefty fee - carbon tax (that continues to increase).

Question 5

Number 1 cause of carbon emissions?

Accepted Answer

As of 2019, the number one cause of greenhouse gas emissions (GHG) was transportation - which generated 29% of GHG emissions across the globe. This is due to the fossil fuel burned through cars, trucks, ships, trains, and planes.

Question 6

What is the Canadian/US government doing about carbon credits?

Accepted Answer

Canada is on track to build a nationwide marketplace to trade carbon credits, called the Federal Greenhouse Gas Offset System. The US has not adopted or set its standards for carbon credits, though it does finance carbon capture projects.

Question 7

Carbon footprint calculator?

Accepted Answer

Carbon footprint calculators measure the total amount of greenhouse gases (GHG) generated through our actions. There are many different carbon footprint calculators you can use. Here are two: nature.org and conservation.org.

Question 8

What are some carbon footprint examples?

Accepted Answer

Carbon is emitted into the atmosphere when we burn gas to drive, oil or natural gas to heat our homes, and when we generate electricity from coal, natural gas, and oil. Every person and business has a carbon footprint.

Question 9

What is carbon neutral energy?

Accepted Answer

Carbon neutral energy means that the energy provider has taken the steps necessary to balance their carbon emissions - by reducing excess emissions and purchasing offsets to counter the rest.

Question 10

Carbon neutral vs carbon zero explained?

Accepted Answer

Carbon neutral means that carbon emissions are balanced by purchasing carbon offsets. Carbon zero emissions mean there are no carbon emissions - hence the term “zero” carbon.

Question 11

Is being carbon neutral good?

Accepted Answer

Carbon neutrality is an excellent way to combat climate change. However, it is essential that “carbon neutrality” isn’t the ultimate goal. Instead, carbon neutrality should be just a step taken on the path towards net-zero emissions.

Question 12

What is carbon trading and how does it work?

Accepted Answer

Carbon trading is when carbon credits are bought or sold as a means to be permitted to emit carbon into the atmosphere (at or above regulated levels). This happens through a market-based system.

Question 13

Carbon trading explained?

Accepted Answer

Carbon trading provides a financial incentive for businesses to reduce carbon emissions through a market-based system. This happens when carbon credits are bought and sold to allow the holder to emit carbon.

Tag: blue carbon credits

The Ultimate Guide to Understanding Carbon Credits