Archive for the ‘globalwarming’ tag
Carbon Credit Scheme
Isn’t the carbon credit scheme a lot like the catholic’s church’s sale of indulgences scam?
Hey I know there are problems with the environment and all, but this carbon credit scam just doesn’t pass the sniff test to me.
Can be. You have to consider two things.
Among large companies, capping CO2 and trading carbon credits makes a lot of sense. The guy who can reduce CO2 cheapest does it, the guy who can’t do it without spending big bucks buys the credits. The scheme worked extremely well for reducing acid rain by trading SO2 credits.
Individuals buying carbon credits makes little technical sense. That is pretty much like buying indulgences.
So, while carbon credits are not fundamentally bad, individuals buying them is pretty silly. Among other things, the possibilities for scams is huge. Trades among big companies are verifiable transactions.
Global Warming and the Carbon Credit Scheme