Carbon credits of fishing boat diesel engines running on higher ethanol concentration

Abstract

Carbon credits are the estimates used to aid in regulations of an amount of gases that are being released into the air. This is part of a larger international plan which has been created in an effort to reduce global warming and its effects. The plan works by preventing an amount of total emissions that can be released by one company or business. If there is a shortfall in the amount of gases that are used, there is a monetary value assigned to this shortfall and it may be traded. These credits are often traded between businesses. However, they also are bought and sold in international markets at whatever the determined market value for them is. There are also times when these credits are used to fund carbon reduction plans between trading partners. To mitigate the global warming, carbon credit is a major component at international and national levels. Carbon credits trading provides a way to reduce carbon emissions on an industrial scale at international and national levels by ending the total carbon emission annually and letting the global market by assigning a monetary value for any shortfall through carbon credits trading. These carbon credits can be traded between two or more business entities or brought from global market at a very nominal price. This amount can also be used to finance various carbon reduction schemes among the trading organizations around the globe. Hence this concept of carbon credits can be applied to mitigate pollution caused by emissions from diesel engines running on ethanol bio-diesel blends with nano and bio-additives in fishing boats. The reduction in global warming should encourage policy makers to promote ethanol to combat climate change by monetizing the reduction in emissions. Ethanol has been under research perspective as an alternate fuel because of its oxygenating property. Ethanolgasoline blends have been tested and accepted as a potential renewable fuel because of its high octane rating. On the other hand, ethanol-diesel blends and its acceptance as an efficient alternat