The reduction of greenhouse gas emissions into the atmosphere is the ultimate purpose of carbon credis. As stated, the right to emit greenhouse gases equal to one tonne of carbon dioxide is represented by a carbon credi. In terms of carbon dioxide emissions, that is equivalent to driving 2,400 miles, according to the Environmental Defense Fund. Companies or countries are given a certain number of credits, which they can exchange to help balance out overall global emissions. In a 1997 accord known as the Kyoto Protocol, the Intergovernmental Panel on Climate Change (IPCC) created a Carbon Credit plan to lower global carbon emissions. The agreement established legally binding emission reduction targets for the signatory nations. The Marrakesh Accords, another agreement, contained.
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