What are carbon emission credits?
1 Answers
Carbon emission credits refer to the dual-credit policy in the automotive sector; it is a restriction imposed by the government on carbon emissions. Introduction to carbon emission credits: Currently, fuel-powered vehicles are required to pay carbon emission fees to the government. Each automaker has a carbon emission quota. When an automaker exceeds its carbon emission limit, it can purchase carbon emission credits from new energy vehicle manufacturers. Reasons for carbon emission credits: Because fuel-powered vehicles cause environmental pollution, the government has set a total carbon emission limit. Exceeding this limit requires purchasing additional credits, which can be bought from new energy vehicle manufacturers. This indirectly supports the production of new energy vehicles.