Carbon Credit is a tradable certificate that gives holder the right to emit one ton of Co2.
Its purpose is to reduce emission of greenhouse gases from industrial activities.
Now some companies can overstep their carbon footprint limit.
And will have two options- either pay hefty penalties or purchase carbon credits from companies that have some to spare.
The value of these carbon credits goes up as more and more companies find it difficult to stay within their footprint limits and demand more carbon credits.
And the most surprising fact is that the prices of carbon credits have surged 800% in the last 4 years.
But can you trade in Carbon credits?
Hedonova's portfolio consists of carbon Credit futures!
And you'll be shocked to know that in the last year only carbon credits prices were up by 250%.