Carbon offset production flows to regions or industries that have a lower price of carbon—unless carbon can be purchased from that area, which offsets effectively permit, equalizing the price. Carbon offsets may represent six primary categories of greenhouse gases: carbon dioxide (), methane (CH), nitrous oxide (NO), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), and sulfur hexafluoride (SF). Carbon offsets have several common features: In 2009, 8.2 billion metric tons of carbon dioxide equivalent changed hands worldwide, up 68 per cent from 2008, according to the study by carbon-market research firm Point Carbon, of Washington and Oslo. But at EUR94 billion, or about $135 billion,
Electrochemical reduction of carbon dioxide Electrochemical reduction of carbon dioxide The electrochemical reduction of carbon dioxide (ERC) is the conversion of carbon dioxide to more reduced chemical species using electrical energy. The first examples of electrochemical reduction of carbon dioxide are from the 19th century, when carbon dioxide was reduced to carbon monoxide using a zinc cathode. Research in this field intensified in the 1980s following the oil embargoes of the 1970s. Electrochemical reduction of carbon dioxide represents a possible means of producing chemicals or fuels, converting carbon dioxide () to organic feedstocks such as formic acid (HCOOH), methanol (CHOH), ethylene (CH), methane (CH), and