Carbon Credit - An Eco Friendly Business: The rationale for LDCs to provide low cost options for global emissions reductions & share the benefits of green growth

Studies on climate change have underscored two points. First that atmospheric commons, namely the Earth’s carbon absorbing capacity, is finite and depletable and that growth of emissions due to industrialization pose a threat to mankind. Secondly, it has been established that per capita emission is strongly correlated with economic prosperity. It is also recognized that without increasing in emissions or access to appropriate alternative technology options, developing countries would not be able to pursue their socio-economic goals.