Carbon credits are a type of cap-and-trade system that allows carbon emitters to sell carbon permits in a marketplace, optimizing the efficiency of carbon emissions and mitigation. To stop the carbon emission, an agreement took place in Paris.
The Paris Agreement is a formal international consensus on climate change. It was approved by 196 Parties on December 12, 2015, at COP 21 and will enter into effect on November 4, 2016.
What is a Carbon Credit?
A carbon credit is a permit that lets the owner release a specific quantity of CO2 or other greenhouse gasses. One credit allows for removing one ton of CO2 or the equivalent in other greenhouse gasses. Raising the carbon price raises consumer awareness of which items and services are carbon-intensive and should be utilized more sparingly.
Paris Agreement on Climate Change
Its goal is to keep global warming well below 2 degrees Celsius, preferably 1.5 degrees Celsius, relative to pre-industrial levels. Countries hope to achieve this long-term temperature goal by peaking global greenhouse gas emissions as soon as feasible to establish a climate-neutral planet by mid-century.
The Paris Agreement expresses a goal of fully implementing technological development and transfer to strengthen climate resilience and lower GHG emissions.
Climate change action must be greatly enhanced to accomplish the Paris Agreement’s aims; yet, the years since its coming into effect have already generated low-carbon solutions and new markets. Carbon neutrality objectives are being established by an increasing number of governments, regions, towns, and businesses. Zero-carbon solutions are becoming more competitive in economic sectors that account for 25% of emissions. This trend is especially visible in the electricity and transportation industries, where it has opened several new commercial possibilities for early adopters.
Restart Energy Democracy- RED
If you want to participate in this change, follow along to see how you can contribute to climate change by reducing your carbon footprint: small and big consumers, manufacturers, and enterprises may make all profit from an emissions-compensation scheme.
Restart Energy Democracy (RED) can help you by providing Carbon Credits. It is a blockchain-based platform that simplifies the CO2 offset issue by making it into a simple procedure that anybody anywhere around the globe can follow.
Benefits of using RED
The offset system on the RED platform benefits its users and the community by making it easier for new users to get started. Another distinguishing element of the RED ecosystem is that it does not involve building new infrastructure or any modifications to existing legislation.
It offers its members the following facilities:
- Free GTK tokens, offset their CO2 impact, launch a franchise business, and assist others in being more sustainable.
- If you are a RED producer, you can use REO-G tokens to obtain origin assurances on the blockchain.
- Developers and investors can create and grow profitable, long-term blockchain ventures.
The RED platform is made to facilitate all types of businesses. Here you can create all types of projects. With the help of RED, you can become a contributor to green energy consumption projects and save the world.