| Sourced From Mondaq.com |
Carbon credits are licences to emit carbon dioxide or “permits to pollute”- and are seen as a vital weapon in the battle against climate change.
They are issued to companies that emit CO2 such as power stations, electricity companies and so on. They can be traded privately, through a broker or through exchanges, the European Climate Exchange, (ECX) being the largest.
In 2008 the market was worth almost
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