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.
I will start buying carbon credits the same day they announce they have figured out how to curtail volcanoes, control sunspots and stop dead vegetation from rotting.
We need to cut down more forests before they burn naturally releasing all their stored carbon.
RBG
This carbon credit thing doesn’t make any sense. What makes the currency carbon specific if they are the universal currency. You may as well just charge a carbon tax. Pegging a currency to the value of carbon emission would be crippling to the poor and enabling to the rich.
How many minutes of driving is a loaf of bread worth?
I don’t think it is going to happen.
As #8 suggested, carbon credits are modern era version of indulgences with a dash of Ponzi. It is a way of justifying your Hummer to the environmentalists. On the flip side, it is a scheme used by financially savvy environmentalists to make money off the guilt of yuppies.
If carbon credits become stable money, it would be the first time in history for a government (fiat) money. If we’re to follow experience, there would be a constant inflation in these titles, thus defeating the purpose. It looks like another scheme to plunder business and eventually the poor.
Ditto to #21, Animby
To the tune of the Beatles “Taxman”:
“I’ll tax your breath…
‘Cause I’m the Taxman,
Yeah, I’m the Taxman!”
This search on Google give 66 thousands hits
“carbon credits” fraud
This one give 98 thousands
“carbon credits” scam
Years left until reserves are all gone
Oil: 37 to 74 years
Natural gas: 63 years
Coal: 164 years
This is assuming no population growth, no consumption growth.
Burning of all this produce CO2 and a lot of pollutions and problems.
Global warming, climate change, are irrelevant, kyoto and IPCC are irrelevant.
What we need to concentrate on is to stop using, burning fossil fuels ASAP and convert our world economy on high density, clean energy, electric cars, maglev mass transit systems etc…
The key word here is HIGH DENSITY clean energy. Not that low density energy like wind and solar that need more fossil fuels to produce that what we get out of the system.
Read “Beyond fossil fools” by Joseph M. Shuster.
Isn’t Carbon Credits what you have to pay if you wanna pass gas?
Who s going to pay the carbon tax for this?
Be especially careful of websites that sell carbon credits. They are simply sending a portion of your money on to charities that claim to be providing assistance to third world countries that offset your carbon usage. The big themes seem to be cook stoves that use less wood and replanting schemes. Pish! I’ve worked in these areas most of my professional life. New cook stoves (solar, especially) are introduced regularly and with great enthusiasm – by the introducers. Locals take them with a smile – and all the other swag they can get – and then continue cooking the old way. Replanting trees? There’s a reason those areas are bare. It’s usually because the people are using the land for agriculture. Most loggers in the world now have reforestation programs. (I know a printing company in Indonesia that maintains forests in Indonesia and Malaysia. They plant far more than they harvest.) But, let’s assume these programs ARE worthwhile. YOu buy a “carbon offset” for $1. The website immediately takes half for administration costs. Fifty cents is sent onward. That agency needs 20 or 30 cents for overhead. So your generously donated dollar ends up as 20¢ worth of wasted effort. Save your carbon offsets and plant a tree in your backyard. It’ll help just as much and be a lot more fulfilling.
Yes. I know the difference between “Carbon Credits” and “Carbon Offsets.”
Simplify your thinking.
Problem: Polluting our only planet.
Paying for the right to pollute does not prevent pollution. It just moves the sources of pollution from one place on our only planet to another place on our only planet. Problem not solved.
Credit schemes are ways to avoid reducing pollution of our only planet – nothing more.
Everything else is an attempt to fog the mind – for profit.
Simple isn’t it?
#30 I think you said it all: Credit scheme.
Whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack, whack!
What a pile of horse shit. People will believe anything.
#27
Actually, I think Carbon Credits are the congratulations you get after letting off a good one, which would explain by Gore has so many.
One way to reduce carbon is the… wait fir it…
carbon carbon credit credit card.
pedro said, “Isn’t Carbon Credits what you have to pay if you wanna pass gas?”
If that’s the case I’ll soon be broke and on the dole.
It’s a ponzi scam Enron would be proud of.
/blah blah blah
carbon credit/tax will be exposed as the biggest fraud ever..in 50yrs or so…
the only purpose for any type of carbon credit/tax is to fund the new one world government that is just around the corner..as soon as they remove the USD as the world reserve currency..which, is just around the corner..
the notion that if you buy one of these,
somehow less pollution will result is absurd.
many of these scams result in someone placing a placard w/your name on it around a tree that already exists somewhere on the planet.
-cant wait until they start measuring your lung capacity so they can send you a CO2 tax bill at the end of the year..
resonant-radiant energy/vacuum engine/overunity device technology has been around since the 1800′s…as evident by the hundred’s of patents given to such devices. many recent projects that explore this tech get their funding canceled as soon as they enter the final phase of start producing *usable* amounts of power…
the ability of 19 & 20th century people to produce relatively free energy using what amounts to common household items, would meant the death of the energy industry as we know it today, -had they been allowed to commercialize such technology.
one need only take a look at the works of thomas moray, jules guillot and of course, nikola tesla to name a few..
the most recent current day proof of similar tech could be found in stan meyers patents, (circa 1980-1995+) of which NASA purchased the rights to many of his designs.. he found the resonance frequency of water and thus was able to demonstrate upwards of 1700% efficiency in hydrogen output for given input of energy to separate from water..
or how about the Lutec 1000 permanent magnet generator from australian inventor john christie.. from what i remember back in 2002-3, he put in 800 watts and got out 24Kw.. he’s got proof, patents and scalability potential to 1 megawatt..
iirc, the 24kw generator was slated to sell for
around five grand..
-this thing should be a household item..
energy is the true currency of the human race.
if the common man was allowed to be forever offgrid, trillions in profits and taxes would be lost…
simply put:
nobody *in power* (energy or governmental) is interested in clean, free or low cost energy unless it will fill their coffers with squillions of dollars.
the very existence of such proven tech completely null & voids and legitimacy of those pushing *carbon anything*
Irony: soundwash beginning his opus with “blah,blah,blah.” Was it a self criticism? If so, why not followed? If it was a criticism of others – - – - heh, heh, heh!
soundwash…
Interesting that you see can carbon credits as a scam, but are flamboozled by the Loonytec 1000.
It only has an efficiency rate of 28%.
James Randi has offered one million dollars if Christe and Brit can demonstrate that their device works as claimed. That was years ago. So far they only have scam money from fools.