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Commodity profile - Carbon credit
Botanical Name
General characterstics
A carbon credit is equivalent to one ton of carbon dioxide or its equivalent greenhouse gas (GHG). Carbon credits are `Entitlement Certificates` issued by the United Nations Framework Convention on Climate Change (UNFCCC) to the implementers of the approved Clean Development Mechanism (CDM) projects.



The certificates are sold to entities in rich countries, like power utilities, which have emission reduction targets to achieve and find it cheaper to buy 'offsetting' certificates rather than do a clean-up in their own backyard.

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Uses
Carbon Credits are defined by Kyoto Protocol (KP) as one metric ton of carbon emitted by the burning of fossil fuels. Carbon credits are generated by enterprises in the developing world that shift to cleaner technologies and thereby save on energy consumption, consequently reducing their greenhouse gas emissions.
Market moving factor
1. Supply-demand mismatch

2. Policy issues

3. Energy prices such as Crude oil & Coal prices

4. CO2 emissions

5. European Union Allowances (EUAs) prices

6. Foreign exchange fluctuations

7. Global economic growth

The buyers of carbon credits are principally from European nations, as currently European Union Emission Trading Scheme (EU ETS) is the most active market Other importing countries includes Japan, Canada and New Zealand.



However, the counties like India, China, and Brazil are emerging as major supplier of carbon credit.



 
 
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