Carbon credits and Commodity: Difference between pages

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''Environmental policy''.  
A good which is supplied without qualitative differentiation across a market.  


Key component of national and international attempts to reduce the increase in concentrations of greenhouse gases.
Traditionally a commodity was a physical raw material that was an essential ingredient in a manufactured product.  The definition has expanded to encompass manufactured basic industrial inputs such as steel and even intangible rights such as carbon emissions created by legislation rather than by nature.
 
 
Physical commodities have historically been categorised as:
#'Hard' commodities which are mined or extracted, including metals and oil; or
#'Soft' commodities which are grown or reared, such as agricultural products and livestock.


One Carbon Credit is equal to one ton of Carbon.


== See also ==
== See also ==
* [[Cap and trade]]
* [[Commodity risk]]
* [[Carbon trading]]
* [[Derivative products]]
* [[CRC Energy Efficiency Scheme]]
 
[[Category:Commodity_Risk]]

Revision as of 09:20, 17 March 2014

A good which is supplied without qualitative differentiation across a market.

Traditionally a commodity was a physical raw material that was an essential ingredient in a manufactured product. The definition has expanded to encompass manufactured basic industrial inputs such as steel and even intangible rights such as carbon emissions created by legislation rather than by nature.


Physical commodities have historically been categorised as:

  1. 'Hard' commodities which are mined or extracted, including metals and oil; or
  2. 'Soft' commodities which are grown or reared, such as agricultural products and livestock.


See also