Carbon credit came into picture to reduce GHG emission and hence saving environment from increasing global warming.CERs (certified emission reduction) is given to the organizations,industries based on carbon emission reduction.and this can be sold to other organization which has larger carbon emission more than their limit.hence it promotes towards reduction in carbon emission and allow the organizations to find green technology.
but it has the main disadvantage is that as CERs can be purchased from other organizations so the organization which is emitting more carbon than it's limit would not try to find green technology instead they will try to purchase CERs.
but it has the main disadvantage is that as CERs can be purchased from other organizations so the organization which is emitting more carbon than it's limit would not try to find green technology instead they will try to purchase CERs.
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