Carbon credit international market at their current market price"”. There are two main markets for carbon credits; Compliance Market credits Secondary / Verified Market credits (VERs) The burning of fossil fuels is a major source of greenhouse gas emissions, especially for power, cement, steel, textile, fertilizer and many other industries which rely on fossil fuels (coal, electricity derived from coal, natural gas and oil). The major greenhouse gases emitted by these industries are carbon dioxide, methane, nitrous oxide, hydrofluorocarbons (HFCs), etc., all of which increase the atmosphere's ability to trap infrared energy and thus affect the climate. The concept of carbon credits
Ocean storage of carbon dioxide IEA Greenhouse Gas R&D Programme estimates that dilute carbon dioxide injection would cost $70 per tonne of carbon dioxide including costs of carbon capture, transport, and storage before boat dispersal. Carbon dioxide ocean storage can occur through solid or solid hydrate of carbon dioxide. The solid state density of carbon dioxide is approximately 1.5 times greater than seawater and thus tends to sink to the ocean floor. The dissolving rate at the surface is about 0.2 cm/hr such that a small quantity of carbon dioxide can be completely dissolved before reaching the sea floor. In addition to solid carbon dioxide