Carbon Credits have the potential to be the next great currency. Despite us not really wanting them at all, we will have to do something that stops us having more hurricanes like the one we had yesterday in the southern US. Hurricanes cost a lot of money and insurance companies are going to say that unless parties are seen to be taking all possible action to minimize the weather’s destruction, we won’t pay out. Insurers will find any reason not to pay out. It might be almost mandatory to have Carbon Credits one day and there seems to be no alternative world currency that escapes local political intervention that we can all trust. Carbon Credits are going to hold the same value where ever you are because CO2 has a global impact.
If anyone thinks that this makes any sense (especially the last sentence) then please explain in the comments.
re:#39, bobbo…”Irony: soundwash beginning his opus with “blah,blah,blah.” Was it a self criticism?”
LOL.
Carbon credits sound like another scheme to kill off the middle class. We’re taxed enough already. The poor don’t drive, and the rich can well afford any tax, or know loopholes to avoid it. That just leaves the middle class to be exploited. And it’s not going to make the vast majority of them richer. So it will just make more of them poorer. Thus the super-rich’s wealth will increase in value, simply by reducing the middle class as competition. When we’re all poor, they’ll be treated like kings, again!
The carbon credit sounds like a scheme to sell us the air we breathe, based on it being a touch less carbony than some arbitrary level. Ignoring the fact that plants add carbon to the air (at night), and animals, and the oceans (all the time). So even if we stopped driving gas fueled cars, there’s no guarantee that nature wouldn’t compensate for the CO2 drop. Who decides what’s a clean level for the air? A bunch of guys who stand to cash in, that’s who!