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Carbon market - Admission/Application Essay Example

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Carbon bears the symbol ‘C’ and has the number 6 in the atomic table. Carbon, being one of the most abundant elements in the universe, belongs to the group…
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Download file to see previous pages Carbon dioxide, carbon monoxide, chloroform, ethylene, acetylene, acetic acid and benzene are some of the important components of carbon (Los Angles National Labs, “Carbon”).
Carbon offset has been a recent concept that has been in wide use in the present world. The major disadvantage of having carbon or carbon related source as the source of fuel is that it is non-renewable source of energy and is also a major source to pollution as it is a greenhouse gas. To encourage the use of non – renewable source of energies and to save the world from the grip of global warming, various authorities and governments are encouraging carbon offsetting. Carbon offsetting comprises providing funds towards the development and usage of renewable source of energy by the companies, governments or individuals who uses carbon as the fuel. By providing for adequate price because of their carbon usage, they can become carbon neutral and also assist in the noble idea of renewable source of energy. For the purpose, price of the carbon has to be fixed at the outset. All these steps contributed towards the development of carbon market.
It is a matter of serious debate of the present day that whether state intervention is required to meet the necessity of the carbon offset projects or will the international market itself can take good care of such projects. Many of the experts feel that the entire process should not be left to the private players and if not always, the governments of different nation should intervene as and when necessary. The prime reason behind such thought is that if the carbon offset projects are left to the purview of the private players only, the sole thing that would play the deciding role would be the carbon price. But the objective of carbon market is not only to have internationally competitive pricing for the element but also to reduce the level of pollution. It has been observed that the efficient pricing of the carbon is definitely necessary ...Download file to see next pagesRead More
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