Bicycle projects can earn saleable carbon credits

Bicycles are strong tool that can be used against depression, for improving the health condition, or for reducing the emissions that cause climate change. This health, green way of transport now can even earn carbon credits, based on a new methodology. 

Image: Shutterstock Projects that increase the use of bicycles over fossil-fuel burning vehicles can now earn carbon credits . The Board that oversees the UN’s Clean Development Mechanism (CDM) approved a new methodology for calculating the volume of emission reductions achieved through projects that establish bicycle lanes, parking and bike-sharing programmes. A carbon credit refers to a permit which allows a country or organisation to produce a certain amount of emissions and which can be traded if the full allowance is not used. According to the UN Framework Convention on Climate Change (UNFCCC), transportation of urban passengers accounted for […]

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