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But since those credits have been sold, someone else is emitting them in my place. I know what you mean - but they will be paying to emit them, which will set
by jwilliams 18y ago
But since those credits have been sold, someone else is emitting them in my place.
I know what you mean - but they will be paying to emit them, which will set up an economic basis in the long term.
- netcan 18y agoSure, it may eventually. If they need to buy them to do whatever it is they want to do & I sell because I want the money. But at the moment this is just a way of cashing in public sentiment towards climate change: at a bad rate.
- jwilliams 18y agoWhy at a bad rate? Companies are compelled to do this in Australia (amongst others) due to our Kyoto targets, etc.
- netcan 18y agoWhy at a bad rate? I feel like I am saving X watt hours & the purchaser does too. So they (the company) are trading in 2X watt hours "emotional credits" (the utility of this market) for 1x watt hour savings. Of course, that's an exaggeration. I lost my drive & ability to save those emissions by replacing my bulbs, but it's not 100% certain that I would have done so anyway. Companies are compelled to do this in Australia (amongst others) due to our Kyoto targets, etc. Are they? I don't think they are directly. The Government is probably subsidising this & other efforts but there is no compulsion to purchase carbon credits. They Get bought by bus companies, airlines, etc. They are basically also riding on public sentiment.