Google, one of the world’s largest technology companies, has joined India with the beginning of India. Under this agreement, it will buy carbon credit from Google Vara. This agreement has been regarded as the largest contract on biosar so far. This will increase not only the environment but also the income of Indian farmers.
What is carbon loan?
Carbon credit is a system that can reduce the emission of greenhouse gases, especially carbon dioxide (CO₂). Carbon credit is a license or permit that allows a company or system to release a certain amount of carbon dioxide (Co₂) or other greenhouse gases. 1 carbon credit = 1 metric ton of carbon dioxide emission. If a company emit carbon, you have to buy the same carbon credit. It stimulates companies to reduce their carbon footprint.
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How does this system work?
Suppose a factory is allowed to release 100 tons of co₂. If she only releases 80 tonnes, she will have 20 tonnes of “remaining” carbon loan. This loan can be sold to another company that excesses.
- A company borrows for more emissions
- Another company earns by selling loans to lower emission
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Why does Google buy carbon credit?
Google has been working for the environment for many years. The goal is to run your services by 2030 to 100% renewable energy energy. To do this, he diminishes his corporate emission. Investing in carbon removal projects through technologies such as biosar. Carbon credit has been purchased since 2007.
What is biosar and how does it work?
Biocar is a type of charcoal made of wood or crop waste. Mixing it on the ground reduces the amount of co₂ from the atmosphere. The quality of the soil improves and it keeps carbon on the ground for many years. The beginning of the Varaha collects agricultural waste emitted from the fields and turns it into a biocar.
How do farmers benefit?
- Varaha buys crop in vain from farmers.
- By placing the furnace in the fields, the waste will be converted to a biocar.
- Farmers can use it as fertilizer in the fields.
- With this, farmers will get extra income.
Benefits of Carbon Credit
- Companies encourage to reduce their emissions
- Helps keep the environment clean
- A new income instructions are available to farmers
- Health has a positive effect
- Global warming may be controlled
(Tagstotranslate) Google (T) Carbon Credits (T) Biochar (T) Varaha Startup (T) Indian Farmers (T) Environment (T) Greenhouse Gas (T) Technology COMPANIES (T) Carbon Dioxide (T) Carbon Dioxide Footprint
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