Carbin credits: is'nt it Western capitalist system?

Green house gas (GHG) emission has to be reduced to a great extent so that the earth's climate has to be under control. This is what the Kyoto protocol. Anthropogenic activities result in the emission of four principal GHGs: carbon dioxide (chemical formula: CO₂), methane (CH₄), nitrous oxide (N₂O) and the halocarbons (a group of gases containing fluorine, chlorine and bromine).Carbon dioxide is the most important of the GHGs that human activities release into the atmosphere.At present, human activities are adding emissions of carbon dioxide into the atmosphere far faster than they are being removed.

In the process of reduction in carbon dioxide emission, The United Nations Framework Convention on Climate Change (UNFCCC), an international environmental treaty, negotiated to "stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system".  Greenhouse gas emissions are capped and then markets are used to allocate the emissions among the group of regulated sources.

If an industry is given permission to release so much amount of Carbon dioxide


with the One carbon credit is equal to one metric tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emissions trading approach.
All the developed countries and developing countries has to follow or restrict