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Carbon credits are a vital component of national and international emissions trading strategies to lessen carbon footprints and global warming.

However, not everyone knows how to measure and price carbon credits, even those who are zealous about recycling and decreasing the amount of pollution that is emitted around the globe each day.

Total emissions is calculated by adding all emissions in carbon dioxide equivalent (CO2e) for a year.

The Nature Conservancy has a ready carbon calculator powered by Cool Climate Network at the University of California at Berkeley where one can calculate and compare individual emissions. there is no central national Cap and Trade carbon pricing.

There are three steps involved in measuring emissions or carbon credits according to a DEFRA report.

DERFA is the Department for Environment, Food and Rural Affairs in the UK.

Pricing fluctuates based on region, market conditions, and the certification program.

To show how the process works, each step of measuring and pricing carbon are shown by considering an example of a family of two living in California based on the known 2015 data.

These categories or scopes can be helpful in targeting the cause of pollution for later reduction (pg. Use bills, receipts or invoices to calculate amount of electricity, fuels, goods or services purchased.

The polluting activties would fall under Scope 1 emissions due to electricity use are considered for the family in California.

The average electricity use by a person in the US is 4517 k Wh per year (kilowatts per hour) according to

EFs for food and drinks is given by Intergovernmental Panel on Climate Change (IPCC) Guidelines for National Greenhouse Gas Inventories (pg. The six pollutants are not equal in the damage they cause to the environment.

Their intensity of effect is called global warming potential (GWP). one pound) of nitrous oxide harms the environment 298 times more than the same amount (eg. In other words one unit of nitrous oxide is equivalent to 298 units of carbon dioxide explains EPA (Understanding Global Warming Potential). To express all the GHGs in terms of carbon dioxide equivalent (CO2e), multiply the emissions of each pollutant with its global warming potential (GWP).




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