2 ms·
Where is the carbon offset going to come from?
by syockit 5y ago
Where is the carbon offset going to come from?
- aetherspawn 5y agoCarbon offset futures I guess. Still, the moment that the government says "you need to pay big for your CO2" and the company decides "OK, let's buy some carbon offset futures offshore", that distills down to "let's send a billion dollars offshore for no tangible product", in which case from a capitalist POV they've basically donated the money. What would motivate the government not to just take it as tax money instead and use it to build more energy in their own country.
- schemescape 5y agoMaybe I'm misinterpreting your question, but my understanding is that funding carbon emission-reducing projects is one of the ways carbon offsets typically work. From https://science.howstuffworks.com/environmental/green-science/carbon-offset.htm https://science.howstuffworks.com/environmental/green-scienc... : > When you buy an offset, you fund projects that reduce greenhouse gas (GHG) emissions. Edit: maybe you meant "how is it reducing carbon in the atmosphere today?" whereas I meant reducing total emissions over a period of time that extends into the future. A sibling comment brought this up as well.