Selling carbon credits can be a great way for a business to bring in extra income, but it is important to sell the credits in a specific way in order to avoid legal and ethical problems. The rules governing how to buy and sell carbon credits differ by area, but there is typically a regulatory agency in place that must be involved in the buying and selling of credits. This type of exchange is difficult to verify, making selling carbon credits directly to consumers nearly impossible. Once one has been set up properly with the appropriate agency, it is important to maintain detailed records in case any questions should arise, as companies engaged in this type of exchange are sometimes accused of failing to reduce carbon appropriately.
The best tip for selling carbon credits is to understand the exchange in its entirety, including what is actually being sold. If someone is interested in selling carbon credits for environmental reasons, then that person might want to understand where the carbon will eventually be expended. On the other hand, if someone is selling carbon credits for purely economic reasons, then that person will want to make sure that the monetary benefit of the credits is more than that which could be gained by additional carbon output. Learning about the carbon credit industry is essential to success.
Another good tip for selling carbon credits is to make sure that all regulations are followed precisely. This means that the registration process must be completed in its entirety and all rules set in place by the regulatory agency must be obeyed. Businesses are frequently audited or inspected to insure that carbon is, in fact, being offset, so keeping detailed records and evidence is very important when engaged in selling carbon credits. Not only must records of present business practices be kept, but also those that relate to any period in which carbon exchanges were taking place. A smart business makes sure to protect itself before entering any risky arrangement.
Even people who would not at first glance seem to have much to offer in terms of offsetting carbon often can come up with carbon credits to sell, although registration may not be lucrative. Farmers, landowners, and even tribal groups can all register to sell carbon credits. It is important to remember that these credits are priced according to the law of supply and demand and may not always be worth a specific amount of money. People approached to sell carbon credits should do research into the possible worth of those credits so that larger corporations do not exploit them.