Carbon Credits Help for Reducing Greenhouse Gas Emission-Dr. P. C. Patel

To limit global warming to 1.5C, in line with the Paris Agreement, we need to cut current greenhouse gas emission levels in half by 2030 and reduce them to “net zero” by 2050. But what about activities that can’t be made carbon-free? One answer is carbon credits. By paying someone else to either reduce their emissions or capture their carbon, companies can compensate for their environmental footprint and even use carbon credits to get to carbon-neutral status in the most ambitious cases.
What are carbon credits and how do they work?
The underlying theory is simple. If one party can’t stop emitting CO2, it can ask another to emit less so that, even as the first produces CO2, the total amount of carbon in the atmosphere is reduced.
There are three basic types of carbon credits:
1. Those from reduced emissions (typically energy efficiency measures)
2. Removed emissions (carbon capture and planting forests)
3. Avoided emissions (for example refraining from cutting down rainforests).
How the voluntary carbon market can help address climate change?
As business leaders set increasingly ambitious commitments to reduce global greenhouse gas (GHG) emissions, a market is developing that can help to achieve them by supplementing companies’ efforts to reduce their own emissions. This is the rapidly growing market for voluntary carbon credits. Carbon credits have an important dual role to play in the battle against climate change. They enable companies to support decarbonization beyond their own carbon footprint, thus accelerating the broader transition to a lower-carbon future. They also help finance projects for the removal of carbon dioxide from the atmosphere-delivering negative emissions, which will be needed to neutralize residual emissions that will persist even under the most optimistic scenarios for decarbonization. The recently launched report by the Taskforce on Scaling Voluntary Carbon Markets aims to create a blueprint for solutions that could help overcome obstacles to its further growth.
Carbon Credits Should Be One of Our Best Tools to Fight Climate Change-If We Use Them Right
There are three main outcomes that the carbon markets could address to enable meaningful climate action:
1. Reducing emissions as quickly as possible
2. Protecting natural carbon sinks
3. Removing carbon dioxide from the atmosphere
How do farmers get carbon credits?
1. Agroforestry
2. Livestock and manure management
3. Multi-species cover crops
4. Minimum or no-till (Reduction of fossil fuel usage)
5. Enhancement of organic carbon content in soils
6. Nutrient management on cropland and grasslands
7. Reduced /no synthetic fertilizers
8. Residue left on site
9. Hay, straw, manure, and/or compost application
10. Use of biochar in agriculture
11. Peatland restoration and management

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Great Insights Sir ❤