Although the issues seem to be more important than the facts pertaining to this particular conference, I will briefly explain some technical information. Carbon sequestration can be defined as the conversion of carbon from the atmosphere to other stable sources. The longer carbon is stored the more valuable the method of sequestration. Trees, as many of us know, can sequester and potentially store carbon for a long period of time. Meanwhile, the release of carbon into the atmosphere is substantially increased by human activities such as land use change, agriculture, ranching, vehicular use, etc.
Carbon is just one of the greenhouse gases that contribute to global warming.
This is the place where carbon credits come into play. The idea behind carbon credits is that industries, business and other carbon emitters can receive credit by paying others to sequester and store carbon for specified periods of time. Global warming is an international issue. The United Nations Framework Convention on Climate Change was the conference where the international community first met to discuss this issue. Although according to this agreements industrialized nations were supposed to begin reducing their levels, none of them really started the process.