4 ms·
Hopefully somewhere along the line we figure out that it's cheaper to help Bangladesh pay for carbon neutral development than to sequester their carbon for them
by ip26 6y ago
Hopefully somewhere along the line we figure out that it's cheaper to help Bangladesh pay for carbon neutral development than to sequester their carbon for them.
I wonder if a private investor could swoop in on a coal plant project, bankroll an upgrade to something better, and sell offsets on the carbon market in California?
- trianglem 6y agoThat makes a lot of sense.
- Qwertious 6y agoCarbon offsets have been repeatedly shot down in the past - both as an accounting sleight of hand (for instance, what if it bankrolls a solar plant that was going to be built anyway?), and as a decadent excuse to not actually change anything, equivalent to medieval christians buying Indulgences.
- trianglem 6y agoYou’re referring to old timey offsets. A lot of direct carbon capture and sequestration are now available as offsets.