How are emission certificates generated?
The greenhouse effect is a global phenomenon as the distribution of greenhouse gases in the atmosphere is somewhat the same. Therefore, it does not matter where greenhouse gases are saved or stored in the world.
The Kyoto Protocol, which is binding under international law, demands that so-called climate protection projects, that avoid or save greenhouse gas emissions, should take place where they are most economical. Accordingly, there are many projects in emerging and developing countries, because the potential for savings through new technologies is still very high and they can be used much more cost-effectively. In addition, the conditions for renewable energy systems (sun, wind, water and biomass) are often significantly more beneficial there.
Emissions trading also makes a significant contribution to the transfer of clean technologies to emerging and developing countries and to the sustainable economic, ecological and social development of the region and to the achievement of the United Nations’ sustainability goals.