To reduce greenhouse gas (GHG) emissions effectively, the cost of using carbon as an energy source should be high enough to induce the required changes in a manufacturing facility. High carbon prices raise product costs through the market mechanism. Raising the price of carbon raises consumer awareness of carbon-intensive goods and services. National and international initiatives to slow the increase in atmospheric concentrations of GHG include the use of carbon credits and carbon markets. Carbon credits (also known as carbon offsets) are a kind of financial compensation for the GHG emissions avoided or eliminated because of an emission reduction initiative. This method can be used to fund carbon reduction plans amongst trading partners all over the world, as credits are generated from GHG mitigation initiatives. Carbon credits are traded internationally through brokers, online shops, and trading platforms, with one credit equating to one metric ton of carbon dioxide or, in some markets, carbon dioxide equivalent gases (CO2-eq). Carbon credits allow businesses that are struggling to meet the carbon emission limits to offset their emissions by funding renewable energy projects, forest preservation projects, and reforestation projects in other parts of the world. If one metric ton of carbon is offset, then that much less carbon dioxide will be released into the environment. Carbon pricing educates producers about carbon-intensive energy sources and pushes enterprises. Pricing carbon encourages entrepreneurs and innovators to develop low-carbon products and methods to replace present technologies. Speaker: Sam Telleen, MBA