Carbon Markets The Kyoto Protocol sets limits on emissions of greenhouse gases by developed countries, and imposes fines for failing to meet these limits. Companies that emit greenhouse gases now have to measure their pollution and may have to make investments in order to avoid paying fines. For the first time, reductions in greenhouse gases have become valuable to companies and form the basis for a new global commodity: Carbon Credits. Carbon Credits may be traded globally and have real value denominated in hard currency. |