23
Apr
Ghana has started operating a Carbon Market Office (CMO) to trade in the multibillion business in the climate change space. Carbon markets are trading systems in which carbon credits – a permit acting as commodity- are sold towards sustainable development. The market helps in reducing greenhouse gas emission cost effectively. One tradable carbon credit (a unit) equals one tonne of carbon dioxide or the equivalent amount of a different greenhouse gas reduced, removed or avoided. Dr Daniel Tutu Benefoh, Ghana’s Focal Person, United Nations Framework Convention on Climate Change, disclosed this to the Ghana News Agency on Saturday. “Just like…