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We may or may not be familiar with the concept of carbon trading. We may have heard of it, but not know what it is about & how it works to lower the carbons being given off into our atmosphere.

The carbon emissions trading scheme works pretty easily. An administration basically works out how much carbon emissions are sent into the air by each industry. It then cuts the total share to meet their international responsibilities. Every industry has to then meet the lowered target or pay a fine depending on how much they are over. When a company lowers its emissions below the level, it can sell their unused amount to other companies who may need more carbon credits to avoid fees.

So how are these industries suddenly lowering their carbon emissions? How are these reduced emissions enough to respect the government’s requirements and still be enough to allow them to sell to their contemporaries as carbon offsets? You’d think if it is possible now, it is most likely possible before. The matter here is, industries are more probable to be more sensitive to these issues when fines are involved.

There is 1 deadly defect however: carbon trading can & most likely will affect the consumers. Because industries might suffer from big fines arising from carbon trading, they can charge the consumers so they can still pay fines without affecting their profit. There is still space for betterment, of course, because carbon trading is generally a new concept not many people know of.

The good thing about carbon trading though, is that even if it is not a perfected process, it has helped the environment a lot already. According to the World Bank’s Carbon Finance Unit, 374 million metric tonnes of carbon dioxide equivalent (tCO2e) were exchanged in projects in 2005. It shows a 240% increase comparative to 2004 (110 tCO2e) which was itself already a 41% increase relative to 2003 (78 tCO2e).

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