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
Industrial gas nitrogen (1772), nitrous oxide (1772) , oxygen (1773) , ammonia (1774), chlorine (1774), methane (1776), hydrogen sulfide (1777), carbon monoxide (1800), hydrogen chloride (1810), acetylene (1836), helium (1868) fluorine (1886), argon (1894), krypton, neon and xenon (1898) Carbon dioxide, hydrogen, nitrous oxide, oxygen, ammonia, chlorine, sulfur dioxide and manufactured fuel gas were already being used during the 19th century, and mainly had uses in food, refrigeration, medicine, and for fuel and gas lighting. For example, carbonated water was being made from 1772 and commercially from 1783, chlorine was first used to bleach textiles in 1785 and nitrous oxide was first