If approved, the projects could generate millions of euros in carbon credits over several years.
Many donor countries support REDD because of the cheap carbon credits that they will receive.
Once you quantify that differential, he said, it opens up other possibilities, including salable carbon credits.
Moreover, it is not in Russia's interest to dump its carbon credits and risk a price collapse.
How many carbon credits in a blanket of ash and a few trillion tons of Sulphur dioxide worth?
More than 500 National Hockey League players have promised to offset their travel emissions by buying carbon credits.
And the corporate sector that buys carbon credits would have to be engaged and receptive to the concept.
BBC: NEWS | Science/Nature | Seeing the carbon for the trees
"Depending on carbon prices, the plants would actually generate more money from carbon credits than production costs, " says Schwank.
Studies suggest that internationally traded carbon credits often fail to deliver genuine cuts.
Encouraged by this flurry, the Sydney futures exchange now wants to create an electronic market for trading carbon credits.
That figure does not take into account any benefit from selling carbon credits or any revenue from selling carbon dioxide.
The operating assumption is that weatherized homes that perform better than a pre-determined benchmark are eligible for salable carbon credits.
And at least one private firm has come in for criticism for attempting to sell carbon credits based on ocean fertilisation.
The caps are supposed to fall over time with the price of the carbon credits, therefore rising due to scarcity levels.
But this will require reliable and consistent economic incentives from many different financing sources, including carbon credits and economic development assistance.
BBC: NEWS | Science/Nature | Seeing the carbon for the trees
By reducing the need for coal-fired power plants, China Longyuan also earns carbon credits under the Kyoto protocol on global warming.
Just how many carbon credits a steel mill or data center might need to buy depends on accurate measurement of their emissions.
If demand for carbon credits go sky high, so will their prices.
CNN: Banking on carbon trading: Can banks stop climate change?
Companies that produce more pollution would then have to buy carbon credits from those who find a cleaner way of doing business.
The project's investors, including Gazprom, a Russian energy giant that has paid in advance for some carbon credits, think it will be lucrative.
Creating a new fund within the EU's Emission Trading Scheme (EUETS), which would give firms valuable carbon credits for every stored tonne of CO2.
BBC: NEWS | Science/Nature | Germany leads 'clean coal' pilot
All of this was happening in the wake of the Kyoto Protocol, one of the first attempts to create a global marketplace for carbon credits.
Etay also mentions the Nimkey Trojan that infiltrated a Romanian cement company late last year and stole 1.6 million carbon credits from their trading account.
In the developing world it can earn UN-backed carbon credits, which can be sold to governments or firms that must reduce their emissions under the Kyoto protocol.
It was when the Kyoto accord was first signed in 1997 that George started thinking of new ways to sell carbon credits and started researching iron fertilization.
The basic idea of the carbon credits or permits market is that in order to emit CO2 (or equivalents) you need to have a permit to do so.
When the companies forced to buy carbon credits are energy companies, the costs they incur could ultimately get passed down the line, which would then mean higher fuel bills.
CNN: Banking on carbon trading: Can banks stop climate change?
Meanwhile, those considering CCS plants in poor countries cannot earn UN-backed carbon credits, since the Kyoto protocol, the UN's treaty on climate change, makes no provision for the technology.
As the world's biggest polluter, the US is able to earn "carbon credits" for its preservation initiatives in Congo without having to cut any greenhouse gas emissions back home.
应用推荐