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
Underground coal gasification upstream processes), resulting in a large decrease in greenhouse gas (GHG) emissions. UCG product gas can also be used for: In addition, carbon dioxide produced as a by-product of underground coal gasification may be re-directed and used for enhanced oil recovery. Underground product gas is an alternative to natural gas and potentially offers cost savings by eliminating mining, transport, and solid waste. The expected cost savings could increase given higher coal prices driven by emissions trading, taxes, and other emissions reduction policies, e.g. the Australian Government's proposed Carbon Pollution Reduction Scheme. Cougar Energy and Linc Energy conducted pilot projects in