Does carbon credits have any credibility?
I live in India, one of the fastest growing developing nation. Recently, I have been noticing and reading the air quality index of our country, which is going down gradually and it takes a nose dive in our National Capital Region and Metro cities. The reason can be traffic, construction, deforestation, global warming and other not so good things. The temperature difference that is created by Greenhouse gases emission like Carbon Dioxide are the culprit. But we are fast developing nation, does that mean that we can pollute and emit whatever toxic we want and how much we want without caring for the environment? There should be International treaty, impositions, taxes or system which should control this. After all we all have only one earth to live. Well there is one system which I came across and the idea is beautiful but it is gaining some criticism over the course of time. What is carbon credit? It’s much like the credit worth you have, when you do some transaction...