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Carbon Credits: Promoting Sustainable Development or Trading in Pollution? |
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CO2, the most important among GHGs, was turned into a trading opportunity to help combat global warming. Carbon credits were trading instruments introduced to counter carbon emissions and mitigate global warming... Emissions TradingThe rising pressure on countries to address climate change led to the rise of a multimillion dollar international market for buying and selling emissions of GHG. The justification for the existence of a global carbon market was provided by the "equivalence" principle...
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