SITTM Technologies is currently developing a plan to help local businesses, organizations and individuals manage and neutralize their greenhouse gas emissions by means of carbon credits. Carbon credits are the result of an increased global awareness for the need to reduce green house gas emissions. The credits are constructed on a tradable permit scheme where one credit is equivalent to one tonne of Carbon dioxide emissions, and a monetary value that changes in accordance with market value.

Countries involved in treaties for controlling and reducing green house gas emissions set the quotas on emissions levels allowable by businesses within their borders. Businesses exceeding their quota must purchase additional credits to account for their excess emissions, and likewise, businesses emitting below their quota are able to sell the remaining credits. This system allocates a monetary value on emission and results in a raised awareness and concern over pollution. Several exchanges exist for carbon credits such as the Chicago Climate Exchange and European Climate Exchange. Carbon Credits can be sold within respective country borders, or to an international market at a prevailing market price.

Currently the Carbon Credit market is worth $30 billion, but there are expectations that it will reach $1 trillion within a decade.  North America, in addition to other nations, have been slow to adapt to this new way of addressing GHG emissions; but as in most European nations, voluntary programs such as these will become mandatory in the years to come. The control of GHG through programs such as a Carbon Credit trading will soon become mandatory throughout the global economy. The transition process in some industries can be troublesome, while in others it can be seamless and easy.

By taking part in a proactive action to reduce the carbon footprint left by your organization now, you will have a secure foothold in the process and a better understanding of Carbon Crediting and emission reductions than your competition. This will present an advantage over those who only choose to adapt to these methods in the final days prior to any laws taking effect. Concern over emissions and the efforts put forth to reduce them also allow an organization to brand itself as a “green” business. This has become more important to many within the marketplace as it demonstrates a conscientious awareness for the well being of the planet and society.

Voluntary Actions Today, Will Become Mandatory Actions Tomorrow

Turning the Corner
http://www.ec.gc.ca/default.asp?lang=En&n=75038EBC1#m10

UNFCC, CDM Program
http://cdm.unfccc.int/index.html