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
Greenhouse gas emissions in Kentucky tons of perfluorocarbons (PFCs) (4.8 MMTCE), and 0.003 million metric tons of nitrous oxide (0.2 MMTCE) The major source of carbon dioxide emissions was fossil fuel combustion (96%), the majority of which is utility coal. Minor emissions came from cement and lime production and forest/grassland conversion. Carbon dioxide sinks (i.e., an increase in forest carbon storage) offset about 26% of the total carbon dioxide emissions. Sources of methane emissions were coal mining (73%), domesticated animals (12%), landfills (10%), manure management (3%), and natural gas/oil extraction (2%). Nitrous oxide emissions were from fertilizer use. Sources of perfluorocarbons were HCFC-22 production (91%)