Carbon credits have been around for a long time. They make a whole bunch of people, like Al Gore, rich, and allow the rich folks to keep living their big carbon footprint lives by essentially paying a fine. Many big companies pay them to greenwash their operations, and, really, they’re a scam. How many trees really get planted?
Politics has been called the art of the possible. Yet regarding climate change, this adage is flipped on its head — it’s the art of the impossible.
As the world prepares for COP 28, the 28th United Nations Climate Summit, we desperately need to shift our efforts to immediate, bold action that’s possible now. And far from diminishing our ambition, focusing on available actions can get the world back on track to make the impossible possible.(snip)
Among the many possible actions, we need “all of the above” to reduce emissions. Yet, few strategies offer as much opportunity for global, scalable, short-term benefit as carbon markets.
For governments, markets bring flexibility that can reduce the cost of meeting their commitments under the Paris Agreement by $250 billion per year in 2030, growing to a total of $21 trillion of mitigation cost savings between 2020 and 2050. These savings can be reinvested into climate action, raising ambitions to close the 24-billion-ton gap, which is why 83% of countries include the use of carbon markets in their climate commitments.
In the private sector, companies that buy carbon credits decarbonize twice as fast as those which do not. The reason is simple: If you put a price on carbon, which happens when you buy credits, you have an incentive to reduce emissions. Carbon markets give companies the opportunity to take responsibility for their emissions today, and for their past emissions, even as they work to decarbonize. In the climate crisis, the world should no longer accept unabated emissions. Markets offer a path forward.
In the Real World, those companies simply pass on those costs to the consumers. That’s it. Nothing more.
As a veteran of many UN Climate Summits, I value the global process that resulted in the Paris Agreement. I also understand the frustration inherent in such processes, with each summit following a predictable cycle of unrealistic optimism leading to missed targets and brokered compromises.
So, wait, Mary Grady is taking long fossil fueled trips to climate summits? Huh. One of the companies she’s involved in is Architecture for REDD+ Transactions. They plant trees, for one thing. I wonder how much they make off people buying carbon credits? Because that’s a big part of their business.
Why would the activists push carbon credits if they believe that we’re all doomed if we don’t stop using fossil fuels immediately? Carbon credits provide a fig leaf of cover for people and corporations to not change their ways of doing business because it’s too inconvenient or too expensive?
Why? Because it was never about the climate it was about power. And the power to force people to pay for carbon credits is power.
All commercial international flights in the USA have had a carbon offset fee applied to them
It is only about 2% of the ticket price. This has been in effect for several years
A carbon tax on gasoline at this time would also skyrocket the price of gasoline an equal 2% amount
The point isn’t the 2% which by the way it’s closer to 11%, the point is adding more costs on the already inflated prices. You don’t think we have enough inflation? You don’t think prices for average people are high enough? Instead of putting 2% on the cost of airline tickets for the average person why don’t you put a 100% tax on private jets? We know why, because people are on private jets are mostly Democrat communists that don’t wanna pay anything they wanna make everybody else pay. Typical for the left period
The current cost of buying carbon credits is around 6 to 8$ per ton. 1 gal of gasoline burned makes about 20 pounds of CO2. 20 pounds is 1/100th of a ton 1/100th of the current cost of a gallon of gas is 3 cents. Jet fuel is twice (about) the cost of gasoline
L.G. can you show me how you calculated your 11%?
The people on private jets are mostly being used for business travel, hence the name of that type of aircraft “business jets”. The Dems are always trying to up corporate taxes we welcome you support on that.
Reuters.com
July 19th, 2023
David Shepardson
“Democratic Senator Wants New Taxes on Private Jet Travel”
John,
Exactly why do we pay these silly fees? They do not alter a thing, are expensive for some people and propagate the hoax that man has some influence on the environment.
Carbon Credits remind me of the medieval practice of the church selling indulgences to sinners. Well, maybe we need to nail a few politicians to the church door. :-)
There is no real oversight of the supposed supposed reduction of CO2.
These are just bribes.