Personal carbon credits are carbon credits created and owned by individuals who reduce their green house gas (GHG) emissions by a real and verifiable amount. Individuals cause GHG emissions from a variety of direct and indirect activities including transportation use, electrical use and home heating and cooling. Verifiable reductions in GHG emissions are aggregated into 1 metric ton increments and they become personal Carbon Credits. There are many firms [1] that are creating applications to efficiently measure and track these emissions, while providing options to purchase and offset personal emissions.
Traditional carbon credits are purchased by GHG emitters to offset the difference between their actual emissions and their allowable limit under a cap and trade type GHG reduction program or to reduce their total GHG emissions under a voluntary limit. These same credits are created when specific GHG reduction projects produce real, additional and verifiable GHG reductions. These carbon projects are typically large in scale and include reforestation, fuel switching and biogas projects.
Personal carbon credits follow the same concept as traditional carbon credits, but these projects are small in scale, developed by individuals and encourage actual reduction in energy demand at the use point. They are applicable globally, wherever the verification requirements can be satisfied.
Personal carbon credits differ from personal carbon trading which imposes a cap or allowance on individual GHG emissions. Personal carbon credits are a voluntary method for individuals to directly reduce energy consumption and the resulting GHG emissions. Successful individual reductions are rewarded through lower utility costs and the value of the created personal carbon credits.
Personal carbon credits were first introduced by My Emissions Exchange in April 2009.[2] Some experts on carbon credit markets have called for inclusion of small scale GHG reduction projects and verification methods that are valid, appropriate and cost effective for projects of this size.[3] Personal carbon credits address this need and create more opportunities for GHG reductions.
^"Offsety - Offset your personal emissions".
^McInerary, Sarah (April 26, 2009). "Eco Firm will pay Irish to Curb Carbon Usage". The Sunday Times. Archived from the original on 2010-08-03.
Personalcarboncredits are carboncredits created and owned by individuals who reduce their green house gas (GHG) emissions by a real and verifiable amount...
their initial allocation would be able to purchase additional credits in the personalcarbon market from those using less, creating a profit for those individuals...
emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carboncredits. These "tokens" are then used to account for net...
considered equivalent to one tonne of carbon dioxide (CO2) emissions. Other emissions permits are carboncredits, Kyoto units, assigned amount units, and...
A carbon footprint (or greenhouse gas footprint) is a calculated value or index that makes it possible to compare the total amount of greenhouse gases...
International Day of Climate Action List of climate activists Personalcarboncredits "Six key lifestyle changes can help avert the climate crisis, study...
consists of one carbon atom and one oxygen atom connected by a triple bond. It is the simplest carbon oxide. In coordination complexes, the carbon monoxide ligand...
Two common economic alternatives to carbon taxes are tradable permits with carboncredits and subsidies. Carbon dioxide is one of several heat-trapping...
Carbon pricing in Canada is implemented either as a regulatory fee or tax levied on the carbon content of fuels at the Canadian provincial, territorial...
source of available carbon in the carbon cycle, atmospheric CO2 is the primary carbon source for life on Earth. In the air, carbon dioxide is transparent...
Carbon pricing (or CO2 pricing) is a method for governments to address climate change, in which a monetary cost is applied to greenhouse gas emissions...
Carbon monoxide poisoning typically occurs from breathing in carbon monoxide (CO) at excessive levels. Symptoms are often described as "flu-like" and...
Earth which cause climate change. The relevant greenhouse gases are mainly: Carbon dioxide, Methane, Nitrous oxide and the fluorinated gases bromofluorocarbon...
Earth radiates after it warms from sunlight, warming the lower atmosphere. Carbon dioxide, the primary greenhouse gas driving global warming, has grown by...
activities intensify the greenhouse effect. This contributes to climate change. Carbon dioxide (CO2), from burning fossil fuels such as coal, oil, and natural...
The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting one extra tonne of carbon emissions at any point in time. The purpose...
rainforest offset credits certified by Verra's Verified Carbon Standard may not represent genuine carbon reductions. Some airlines offer carbon offsets to passengers...
trading scheme (ETS) creates a carbon market where emitters can buy and sell emission credits. The scheme will allow carbon emitters to reduce emissions...
A carbon fee and dividend or climate income is a system to reduce greenhouse gas emissions and address climate change. The system imposes a carbon tax...
heating, and electricity and reduces personal income taxes and corporate taxes by a roughly equal amount. The carbon tax is collected at the point of retail...
efficiency. Convert "avoid carbon emissions" below the scheduled carbon emission standard into a user's virtual energy stored in a personal Ant Forest account...
mitigated carbon, and consequently the carbon currency cannot function as a carbon offset credit. The carbon currency will function as a financial asset...
such information to charge slips printed on carbon paper forms. With the decline of paper slips, some credit cards are no longer embossed and in fact the...
of money. Positive carbon shifting might be encouraged through the use of a carbon tax or the implementation of a personalcarbon trading scheme. The...
Global Information