World interest in reducing greenhouse gas emissions is increasing. Where companies desire to reduce emissions but cannot, they may purchase offset credits from someone else who is able to reduce their emissions or sequester carbon. The World Bank (Capoor and Ambrosi 2007) estimated the 2006 global carbon market at $30 B USD, a three-fold increase from the year previous. Most of that value is from the European market. Alberta has created the first compliance carbon offset system in North America (Alberta Environment 2007a).
Download the PDF file for the full paper from the Agronomy Update 2008 conference proceedings