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 in the Earth's atmosphere (approximately 810 gigatonnes of carbon) and dissolved in all water bodies (approximately 36,000 gigatonnes of carbon). Around 1,900 gigatonnes of carbon are present in the biosphere. Hydrocarbons (such as coal, petroleum, and natural gas) contain carbon as well. Coal "reserves" (not "resources") amount to around 900 gigatonnes with perhaps 18,000 Gt of resources. Oil reserves are around 150 gigatonnes. Proven sources of natural gas are about (containing about 105 gigatonnes of carbon), but studies estimate another of "unconventional" deposits such as shale gas, representing about 540 gigatonnes of carbon. Carbon is also found in methane hydrates