Carbon Credits - looks like free money for me!
Discussion
Let me explain.
About eight years ago I bought a couple of forestry blocks here in NZ. About 180 acres in total - with the intention that the trees would be part of my pension when eventually cut down.
However, NZ has an emissions trading scheme - and there are official government spreadsheets showing how many tons of carbon the trees will absorb each year - and I can sell this absorption to anyone I want.
At the present time carbon credits are about 7 pounds a ton, and as I can go back a few years they are worth about 35,000 pounds as of now. Within a few years I could quite easily be getting 25,000 pounds a year!
Keep polluting in the northern hemisphere so I can up the intake of Chateau Cardboard.
Anyone want any cheap carbon credits.......
About eight years ago I bought a couple of forestry blocks here in NZ. About 180 acres in total - with the intention that the trees would be part of my pension when eventually cut down.
However, NZ has an emissions trading scheme - and there are official government spreadsheets showing how many tons of carbon the trees will absorb each year - and I can sell this absorption to anyone I want.
At the present time carbon credits are about 7 pounds a ton, and as I can go back a few years they are worth about 35,000 pounds as of now. Within a few years I could quite easily be getting 25,000 pounds a year!
Keep polluting in the northern hemisphere so I can up the intake of Chateau Cardboard.
Anyone want any cheap carbon credits.......
Probably best to cash in now as the economic downturn is sounding a death knell for all these scams. The Chicago Carbon Exchange closed sometime last year leaving Al Gore somewhat out of pocket, of course my heart bled for him. CO2 in Europe is also pretty worthless except where it is propped up by an artificial price imposed by the government as it will be in the UK at around £16/ton.
Have a look around the latter pages of the Politics of CC thread and marvel at the furious backpeddling going on in governments around the world as they realise that a sustainable future isn't actually sustainable without massive government subsidy.
Have a look around the latter pages of the Politics of CC thread and marvel at the furious backpeddling going on in governments around the world as they realise that a sustainable future isn't actually sustainable without massive government subsidy.
jurbie said:
Probably best to cash in now as the economic downturn is sounding a death knell for all these scams. The Chicago Carbon Exchange closed sometime last year leaving Al Gore somewhat out of pocket, of course my heart bled for him. CO2 in Europe is also pretty worthless except where it is propped up by an artificial price imposed by the government as it will be in the UK at around £16/ton.
Have a look around the latter pages of the Politics of CC thread and marvel at the furious backpeddling going on in governments around the world as they realise that a sustainable future isn't actually sustainable without massive government subsidy.
Carbon Credits are not so much scams (though there are plenty out there that are) but more a badly thought out system that lacks any real coherence in policy, governance or calculation.Have a look around the latter pages of the Politics of CC thread and marvel at the furious backpeddling going on in governments around the world as they realise that a sustainable future isn't actually sustainable without massive government subsidy.
Putting aside the arguments on the impact of carbon emissions, the idea of a carbon credits is a good one. If an action is undesirable, then one of the most effective ways to shift behaviour is to make that action the most expensive action. By enabling larger organisations than cannot reduce emissions avoiding financial penalties by buying credits from those that can (normally smaller organisations and individuals such as the OP), then you enable the flow of money which is the one thing the world needs right now.
It's a similar thing to the Landfill Tax Credits that were introduced in the UK in the mid 90s. To reduce a dependency on a fast depleating resource, it's use became expensive through the application of tax, part of which was redirected into the waste industry to fund development of new technology for waste treatment and recycling.
That's the theory, practice is a different matter.
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