4 ms·
This is exactly what happens when everything is turned into money. More so when the fiat money can be borrowed from the future, you are essentially kicking the
by vishnugupta 4y ago
This is exactly what happens when everything is turned into money. More so when the fiat money can be borrowed from the future, you are essentially kicking the can down the road.
What next? Carbon emission futures? A thriving market where the futures are traded? All the while the emissions continue abated and even increase.
- lelandfe 4y agohttps://www.theice.com/market-data/indices/commodity-indices/carbon-futures https://www.theice.com/market-data/indices/commodity-indices... https://en.wikipedia.org/wiki/European_Union_Emissions_Trading_System https://en.wikipedia.org/wiki/European_Union_Emissions_Tradi... :D
- ant6n 4y agoBut can I buy these as an etf (or etn or whatever)
- imtringued 4y agoHonestly, hoarding carbon certificates and selling them for a big profit is more effective at curbing CO2 emissions than any carbon offset program.
- Schroedingersat 4y agoOnly if those credits come from an emission reducing activity and not, say, burning old growth tasmanian forest for energy.
- short_sells_poo 4y agoCarbon emission futures can be traded in many developed markets nowadays...