Carbon trading is becoming a popular method for offsetting emissions in North America. Former Canadian Climate Change Services lead Christine Schuh helps you understand how best to take advantage of the opportunities.
Carbon trading — the exchange of greenhouse gas emissions offsets (credits) between parties who have exceeded their regulated targets or have voluntarily chosen to reduce their carbon footprint and those that have reduced their emissions below typical situations or regulated amounts — is one of the most talked-about business and economic issues discussed today. The Europeans have it, the US is doing it and Canada is talking about a national system. But how does carbon trading work? Does it really benefit the environment or is it a cash cow? When a business participates in these systems, there are great benefits to the earth and the bottom line if it's done properly. However, there are tricks and traps that businesses should be wary of when considering the option.