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Research Paper | Management | India | Volume 5 Issue 12, December 2016 | Popularity: 7 / 10
Carbon Credits - Most Value and Profit-Added Advantage to Business
S. N. Kotkar Rashmi Bhadani
Abstract: The environmental pollution is one of the most concerning topics across the world. It is the underlying cause of global warming and other emerging diseases impacting on not only the human health but also the resulted in natural disasters such as flood, hurricanes disturbing the environment and ecological balance. As a consequence of these impacts, the Kyoto protocol was developed to deal with these conditions and to make a gauge upon the pollutants mainly carbon emitted by the worldwide nations or organizations. The term Carbon Credit (CC) was emerged out of the protocol with the central aim of reducing the emission of the greenhouse gasses. CC is defined to be equivalent to one ton of Carbon Dioxide either prevented to be emitted or removed that has been already emitted. The protocol also provides the mechanism via which the nations or organization can reduce their carbon emission in their environment. In this article, these mechanisms have been discussed along with the role of human resource management in gaining carbon credits.
Keywords: Carbon Credit, Kyoto Protocol, GHRM
Edition: Volume 5 Issue 12, December 2016
Pages: 519 - 521
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