habitat, definition of

Greenhouse gases are those gaseous constituents of the atmosphere, both natural and anthropogenic, that absorb and emit radiation at specific wavelengths within the spectrum of thermal infrared radiation emitted by the Earth’s surface, the atmosphere itself, and by clouds. This property causes the greenhouse effect.

Greenhouse gases are essential to maintaining the current temperature of the Earth; without them the planet would be uninhabitable.

Wikipedia Entry

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In return, the landowner is permitted to sell credits to national or international companies or developers, enabling them to satisfy legal requirements compensating for the environmental impacts of their development projects in the region or elsewhere.

Although big in the US, where there is a $3bn market, habitat banking's global reach is nowhere near the size of carbon offsets.

Potential for schemes is particularly high in Central and South America, although concerns remain over monitoring and proving how effective projects really are.