Results for tag: "Carbon Trading"

Carbon trading is an environmental market-based approach to reduce greenhouse gas emissions. It is a system of trading credits between countries, companies, and other entities that emit carbon dioxide and other greenhouse gases. The goal of carbon trading is to reduce emissions by providing incentives for companies to reduce their emissions. Companies that reduce their emissions are rewarded with credits that can be sold to other companies that need to meet their emissions targets. Carbon trading is a key component of many countries' climate change strategies, as it provides a way to reduce emissions without imposing direct regulations. Companies in the carbon trading market include BP, Shell, Chevron, Total, Eni, and Statoil. Other companies such as Microsoft, Apple, and Google have also invested in carbon trading initiatives. Additionally, there are a number of carbon trading exchanges, such as the European Climate Exchange, the Chicago Climate Exchange, and the Intercontinental Exchange. Show Less Read more