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I like the idea of carbon offsets and carbon trading (i.e. give a market incentive to take CO2 out of the air), but this obviously isn't working. Stricter cont
by godshatter 3y ago
I like the idea of carbon offsets and carbon trading (i.e. give a market incentive to take CO2 out of the air), but this obviously isn't working. Stricter controls might help, but it would become a cat and mouse game.
Part of me, jokingly (mostly), thinks we should replace it with a "carbon buy-back" program where people and/or the government can donate money to buy carbon from people and bury it deep or sink it in the ocean or something. Go clear cut all that land, sell it to the program, then replant. That's the only way I can see a market solution really working. Corporations donate to the fund to ease their corporate consciences and the carbon gets dumped down an old mine shaft and buried in concrete.
Of course, it likely wouldn't work for a lot of reasons, but it would at least be more on point. "Don't just promise to sequester carbon, bring it to us to dispose of" would at least help take the gaming out of that particular system.
- xg15 3y agoSeems to me this would be susceptible to the cobra effect: > where people and/or the government can donate money to buy carbon from people... No matter what you do with the carbon afterwards, this scheme means you first have to buy it and the other party can sell it. I think being able to sell carbon would create exactly the opposite incentive from what is needed - suddenly it becomes profitable to produce carbon and a profit risk to reduce emissions.
- godshatter 3y agoWhich works in the case of planting more trees, but fails if someone brings in a barrel of oil. As I said, lots of problems with it.