What are Carbon Credits for ODS Destruction anyway?
Very simply, they are INCENTIVES. A Carbon Credit is generated when the equivalent of one metric tonne of carbon dioxide is prevented from entering the atmosphere. When just one ton of ODS is destroyed, it prevents thousands of times more chemicals from entering the atmosphere, than a ton of carbon dioxide. Therefore, it is important that ODS be destroyed and never be deliberately or accidentally discharged into the atmosphere. Carbon credits have been created to offer incentives for the destruction of ODS. These incentives are issued by The Climate Action Reserve (CAR) or the Chicago Climate Exchange (CCX) or the Voluntary Carbon Standard(VCS), following the proper and well-documented destruction of eligible ODS material. These incentives or carbon credit certificates can then be sold on the open market for CASH to help offset the cost of destruction.
