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
Coal maximum. As of 2018 global peak coal consumption is predicted to occur by the early 2020s at the latest. Coal-fired generation puts out about twice the amount of carbon dioxide—around a tonne for every megawatt hour generated—than electricity generated by burning natural gas at 500 kg of greenhouse gas per megawatt hour. In addition to generating electricity, natural gas is also popular in some countries for heating and as an automotive fuel. The use of coal in the United Kingdom declined as a result of the development of North Sea oil and the subsequent dash for gas during the 1990s.