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Carbon Credits are defined as 1 ton of CO2 Emissions traded in the market to allow buyers to emit CO2 into the atmosphere. This buying and selling of carbon credits work in the same way as stock exchanges work. Alibaba president of Alibaba, J. Michael Evans, said that they are in the process of creating an app that will track Individual Carbon footprints. Individuals will be assigned a limit on CO2 they can emit every year based on their consumption levels, wealth, age, and even nationality. This can be done via government-regulated or private apps licensed to track individuals.