NEHARIKA SAXENA AND MADHUSUDAN YADAV
Abstract
This article examines the critical need for tackling global warming caused by damaging emissions such as CO2 along with other greenhouse gases. The Kyoto Treaty of 1997 is portrayed as an approach that achieves a balance of economic growth and pollution reduction. Greenhouse gases like both methane and carbon dioxide have a huge impact on the heat equilibrium in the atmosphere of the planet, causing global warming and posing an imminent danger to life. To overcome this challenge, we must try to discover a way to reduce pollution credits that can be used to reduce or eliminate carbon dioxide emissions. They are derived by determining the quantity of atmospheric carbon that would have been emitted by industries. We analyze carbon credits extensively in this research because they have grown as an indispensable instrument for lowering industrial carbon emissions.