Carbon offsets, a plan originally proposed by the oil industry and the right wing politicians they purchased.
Don’t reduce emissions. Pollute and let free market economics save the world for you.
Nitrogen oxide pollution was significantly curtailed using a credit based system. It was reasonable to think that it could have worked well for Carbon Dioxide emissions too but it requires that these emissions and their offsets be easily quantifiable. Much easier to do with nitrogen oxides but not so much with CO2. The fossil fuel industry doesn’t even want people to acknowledge that fossil fuels are responsible for global warming at all let alone support a Carbon credit system.
Funny, when the climate change deniers called offsets a scam, everyone dogpiled them. Now that they’ve been definitively outed as a scam and it is an acceptable narrative among the left, offsets were of course always a scam by the oil industry and politicians.
Carbon offset always smelt of a scam to me. There’s no magic bullet that makes negates your actions just by throwing money at it
And yet, in the US our politicians will still tout carbon offsets or carbon credits as if they are a solution to anything. The PR realizes that carbon-credits or carbon-offsets are bullshit the public has started to pickup on, so now they use “carbon capture” or “net-zero carbon.” But make no mistakes, there isn’t an environmental party that exists in the US, or anywhere else for that matter.
“President Biden’s Inflation Reduction Act features substantial improvements to the federal Section 45Q tax credit for the capture and geologic storage of CO2, which provides additional incentives to help enable wide-scale project deployment.”
These are subsidies to the Energy Sector btw.
Carbon credits aren’t necessarily a bad idea. It basically sets a hard limit for the amount of carbon that can be produced, and the ability to produce can be sold. Now, the way it should be handled is every person is provided with a certain amount of credit, and they can sell them and make money off of them, bargain with them, or just choose not to give them up reducing the amount of carbon that is allowed to be produced. It should be up to the people.
Some amount of carbon will always be released. It should be handled in the way that best benefits the people, not the capitalists. Carbon credits may be part of that solution, but not in the form they usually take.
Also the argument we should be having in the US is whether we reach our climate goals through this kind of carbon-pricing model or the top-down regulatory model. In a sane world we’d probably expect republicans to be arguing for a carbon trading scheme and the democrats to be arguing for regulation.
Dear elites, please stop fucking around and just spend the goddamn money on building renewables before you find yourselves dragged in front of a people’s court. The longer this problem drags on, the more people will find themselves in desperate situations, looking for someone to blame.
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I would suggest avoiding suggestions or implications of violence, it makes it easier for you to be silenced.
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You don’t say.
yeah because most of it is from self centered rich people on their private jets
This is the best summary I could come up with:
Scientists have for decades been warning about the risks, yet instead of phasing out fossil fuels, vast amounts of time and resources have been invested into market-based carbon offset schemes and technologies that trade, cap and capture – rather than cut – greenhouse gas emissions.
Estimated to be worth about $2bn, the voluntary carbon market (VCM) is vast, fragmented and opaque, which involves a complex network of developers, registries, traders, brokers and investors, making it difficult to track and evaluate the effectiveness – and potential harms – linked to offset projects.
Despite the complexity, there is a strong public interest in calculating the benefits of offset projects given the deepening climate emergency and lack of meaningful progress in reducing fossil fuel production and global emissions.
Project proponents are free to hold, sell or retire those credits thereafter at their discretion … Verra is happy to engage with data, reconsider assumptions and consider future improvements based on sound feedback and expert input.”
The UNFCCC did not respond to growing concerns that the sustainable development mechanism (SDM), which is replacing the CDM, has already come under fire by civil society groups across the world for promoting activities that do not lead to emissions reductions and risking harm to local communities and ecosystems, among other things.
In another case, two out of four of the projects on the Swiss-based Gold Standard Registry (GSR) – a water filter program in Kenya, and a cooking stove initiative in Ghana which promises to cut emissions and deforestation – were also classified as likely junk or worthless from a carbon credits perspective.
The original article contains 2,476 words, the summary contains 265 words. Saved 89%. I’m a bot and I’m open source!
