Independent application for Carbon Credits for any proposed Waste to Energy Facility could attract substantial funds – and could make each location almost self-funding through Bank Guarantees.
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent equivalent to one tonne of carbon dioxide.
Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs).
The goal is to allow market mechanisms to drive industrial and commercial processes in the direction of low emissions or less carbon intensive approaches than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach can be used to finance carbon reduction schemes between trading partners and around the world.
Managing emissions is one of the fastest-growing segments in financial services with a market estimated to be worth about $82 billion in 2018.
It is predicted that Carbon will be the world's biggest commodity market, and it could become the world's biggest market overall.