14.1. CARBON CREDIT

Try these first

1. 1.

   What does one carbon credit represent?

   Hint

   Think about how emissions are measured.

2. 2.

   What is a compliance market?

   Hint

   Consider the legal obligations.

3. 3.

   What is a carbon credit?

   • A unit of currency
   • A tradable permit for CO2 emissions
   • A tax on carbon emissions

   Hint

   Think about the function of carbon credits.

4. 4.

   True or False: Each carbon credit represents the right to emit 2 tonnes of CO2.

   • True
   • False

   Hint

   Consider what each credit stands for.

5. 5.

   Evaluate the effectiveness of carbon credits in reducing global greenhouse gas emissions. Consider both positive impacts and potential drawbacks.

   Hint

   Think of case studies that assess real-life implications of carbon markets.

6. 6.

   Propose a new method to generate carbon credits that addresses current limitations in existing projects.

   Hint

   Consider grassroots movements and their environmental impact.