Green trading
Encyclopedia
Green trading encompasses all forms of environmental financial trading
, including carbon dioxide
, sulfur dioxide
(acid rain
), nitrogen oxide
(ozone
), renewable energy credits, and energy efficiency
(negawatts). All these emerging and established environmental financial markets have one thing in common, which is making the environment cleaner by either reducing emissions, using clean technology
or not using energy through the use of financial markets.
Green Trading is one mechanism to accelerate change to a cleaner environment
by using market-based incentives whose application is global.
Many current projects to advance green technology are recipients of funding generated through the voluntary carbon offset market in the United States. Though currently not required to do so, many companies are seeking ways to clean up their environmental impact. Bad energy practices that they cannot eliminate, they may offset; knowing that they are funding projects that are actively developing cleaner energy practices and increasing energy efficiency for the future.
In November 2008, in a unique partnership initiated by Verus Carbon Neutral, 17 businesses of Atlanta's Virginia Highland came together to establish themselves as the first Carbon-Neutral Zone in the United States. Their efforts now fund the Valley Wood Carbon Sequestration Project, the first such project to be verified through the Chicago Climate Exchange.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, including carbon dioxide
Carbon dioxide
Carbon dioxide is a naturally occurring chemical compound composed of two oxygen atoms covalently bonded to a single carbon atom...
, sulfur dioxide
Sulfur dioxide
Sulfur dioxide is the chemical compound with the formula . It is released by volcanoes and in various industrial processes. Since coal and petroleum often contain sulfur compounds, their combustion generates sulfur dioxide unless the sulfur compounds are removed before burning the fuel...
(acid rain
Acid rain
Acid rain is a rain or any other form of precipitation that is unusually acidic, meaning that it possesses elevated levels of hydrogen ions . It can have harmful effects on plants, aquatic animals, and infrastructure. Acid rain is caused by emissions of carbon dioxide, sulfur dioxide and nitrogen...
), nitrogen oxide
Nitrogen oxide
Nitrogen oxide can refer to a binary compound of oxygen and nitrogen, or a mixture of such compounds:* Nitric oxide, also known as nitrogen monoxide, , nitrogen oxide* Nitrogen dioxide , nitrogen oxide...
(ozone
Ozone
Ozone , or trioxygen, is a triatomic molecule, consisting of three oxygen atoms. It is an allotrope of oxygen that is much less stable than the diatomic allotrope...
), renewable energy credits, and energy efficiency
Efficient energy use
Efficient energy use, sometimes simply called energy efficiency, is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature...
(negawatts). All these emerging and established environmental financial markets have one thing in common, which is making the environment cleaner by either reducing emissions, using clean technology
Clean technology
Clean technology includes recycling, renewable energy , information technology, green transportation, electric motors, green chemistry, lighting, Greywater, and many other appliances that are now more energy efficient. It is a means to create electricity and fuels, with a smaller environmental...
or not using energy through the use of financial markets.
Green Trading is one mechanism to accelerate change to a cleaner environment
Natural environment
The natural environment encompasses all living and non-living things occurring naturally on Earth or some region thereof. It is an environment that encompasses the interaction of all living species....
by using market-based incentives whose application is global.
Many current projects to advance green technology are recipients of funding generated through the voluntary carbon offset market in the United States. Though currently not required to do so, many companies are seeking ways to clean up their environmental impact. Bad energy practices that they cannot eliminate, they may offset; knowing that they are funding projects that are actively developing cleaner energy practices and increasing energy efficiency for the future.
In November 2008, in a unique partnership initiated by Verus Carbon Neutral, 17 businesses of Atlanta's Virginia Highland came together to establish themselves as the first Carbon-Neutral Zone in the United States. Their efforts now fund the Valley Wood Carbon Sequestration Project, the first such project to be verified through the Chicago Climate Exchange.