In order to fight climate change, policy makers have developed carbon emission permits which control the amount of CO2 emitted into the atmosphere. There are a limited amount of permits and they must be bought by the polluters so they can keep on there production/pollution.
Sandbag is a non profit community organization who wants to influence this market by collecting money and buying carbon emission permits. This way there are less permits available which means the price of the emission permits will rise. If the price increases polluters will have to pay more for there emissions and will consider investing in cleaner technologies rather than buying emissions credits to cover their excess pollution.
Source: sandbag
12 years ago
This really was interesting! Thanks andk eep up the good work with updating the blog.
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