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We need to implement a global market for CO2 emissions. If the supply of rights to emit C02 is low enough (e.g., negative), the price will raise so high that th
by mo_42 3y ago
We need to implement a global market for CO2 emissions. If the supply of rights to emit C02 is low enough (e.g., negative), the price will raise so high that these people can make a profit of removing CO2.
- f6v 3y ago> We need to implement a global market for CO2 emissions. This isn’t going to happen soon. The developing economies can’t get out of poverty without burning cheap fuel.
- bunga-bunga 3y agoThat’s basically “carbon credits” except that companies only buy it to reach “green” status.
- echelon 3y agoDoes any meaningful segment of consumers actually boycott companies for not buying carbon credits? Why are companies buying them? Do these companies get tax write offs? Does it help with employee retention? To deflect other bad press?
- labster 3y agoI’m not sure how globalizing the corruption and questionable accounting practices of carbon credits worldwide will actually help matters.
- numbers_guy 3y agoCO2 accounting is hard and easy to corrupt. And I don't believe that market value alone is a strong enough utility signal to be used to prioritize the important aspects of life.
- owisd 3y agoIt has precedent as has already been implemented to limit SO2 emissions to prevent acid rain https://www.epa.gov/airmarkets/2022-so2-allowance-auction https://www.epa.gov/airmarkets/2022-so2-allowance-auction