Unknowingly, many agricultural programme embarked upon by government, private companies and even individual all help to reduce carbon emission from the atmosphere. Global Landscapes Forum Agriculture by-products can cut emission. For example, biomass can be used directly in agriculture as a fertiliser, or it can be used as a source of energy for the power, buildings, industry or transport sectors and also biogas from animal wastes could also be used as an energy source. A tree can absorb as much as 48 pounds of carbon dioxide per year and can sequester (hide-away or isolate) 1 ton of carbon dioxide by the time it reaches 40 years old. Carbon sequestration is a natural or artificial process by which carbon dioxide is removed from the atmosphere and held in solid or liquid form. CARBON CREDIT AND CARBON TAX: OTHER SOURCES OF REVENUE FOR NIGERIA. | Wikipedia Reservoirs is a carbon sink if it retain carbon and keep it from entering Earth’s atmosphere. Deforestation lead to carbon emission into the atmosphere. But when the forest is regrowth that is a form of carbon sequestration, with the forests themselves serving as carbon sinks. Conclusion Tree planting is for our benefit. These are some benefit of tree planting to humanity. Trees give off oxygen that we need to breathe. Trees reduce the amount of storm water runoff. Trees reduces erosion and pollution in our waterways and also reduce the effects of flooding. Many species of wildlife depend on trees for habitat. Trees provide food, protection, and homes for many birds and mammals. Tree remove carbon emission from the air. de food, protection, and homes for many birds and...
Carbon Credit and Carbon Tax

Carbon Credit and Carbon Tax

Carbon credit and carbon tax: Other sources of Revenue for Nigeria Emissions that aren’t with the production of industrial and consumer goods should be taxed. A carbon tax is one of the tool government used to check climate change. The two is emission and offset trading system (that encourage carbon credit). Government intervention is a tool to fight climate change. The government uses two methods as discussed below to put climate change in a check (Carbon Emission Accounting and Economic Growth in Nigeria). 1). QUANTITY-BASED The Quantity-based measures depend on regulations to check climate change. The quantity-based measures are called emission and offset trading systems or cap and trade. Quantity-based measures are the most common interventions by any government. In quantity-based believes that each country/company is assigned a fixed amount of carbon emissions which is a cap/limit by the government, measured in carbon credits. When a company emits less than permitted emissions, it can sell the rest to companies that are unable to reduce their emissions level.  This method can earn companies that are meeting up with a cap limit by the government, huge revenue. Government through the agency(NESREA ) reduces the emission caps each year to set a new pollution target and allocate new emission limits to industries. This way, companies are forced to seek other ways to meet their energy needs, thereby embracing green technology. The carbon credits of a company are rights for emission. Each unit gives the right to emit one metric tonne of CO2. A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon...
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