Buying and Selling Debts — To the Environment?!

Learn more about Environment and shipping from STA’s team of shipping lawyers in Dubai

STA Law Firm | Lawyers in Dubai & UAE

Not one of us has not heard about the decaying environment. The countries with the smallest “carbon footprint” are regarded as better, regardless of how large their environmental sector is. While the commonly held belief is that consumer use of exhaustible natural resources, it is not so; it is primarily manufacturing industries that are responsible for carbon emissions, though we try to deal with each class of users regarding preserving the environment. Continue reading to learn more about the Laws Surrounding Carbon Credits.

For consumer use of exhaustible natural resources, we try to mitigate carbon emissions in several ways. The most obvious of which is taxation. Taxing excessive use of resources which produce carbon emissions is an effective way of limiting those emissions.

In the case of producers, we can take the example of a car manufacturer. A car manufacturer has an obligation to ensure that their product limits carbon…

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