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
Carbon dioxide flooding the water acts to sweep the oil towards the production zone. CO flooding is the second most common tertiary recovery technique and is used in facilities around the world. In connection with greenhouse gas emissions and global warming, CO flooding sequesters underground and therefore offsets CO emissions elsewhere. Carbon dioxide flooding Carbon dioxide (CO) flooding is a process whereby carbon dioxide is injected into an oil reservoir in order to increase output when extracting oil. When a reservoir’s pressure is depleted through primary and secondary production, carbon dioxide flooding can be an ideal tertiary recovery method. It is particularly effective