Carbon markets and climate change mitigation, Are we in the right direction? - page 2.

franky1

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Quote from: stompix on February 02, 2024, 09:30:52 AM

Carbon is not the commodity, it's carbon credits, so you don't get paid to produce CO2, you get fined for producing!

RIOT(+sister companies) made profit selling its fossil fuel energy to the grid
RIOT(+sister companies) made profit selling its carbon credits

icalical

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Carbon trading is the most ridiculous solution for Climate change, this loop holes is used by first world countries to continue emitting carbon and destroying environment, while at the same time discouraging 3rd world country to develop their industry. Those already developed nation basically saying that, 'Let us advanced while destroying the world, and you guys can stay in the jungle'.

Some research might say that Carbon Trading help Reduce Emission but it's still questionable, there is not enough evidence that Carbon Trading is has significant effect on reducing emission, Based on this article. While the benefit is remain vague, the harm is inevitable, the economic gap between Third World Nation and Developed Nation will be wider because Third World Nation will be discouraged and even politically forced to halt developing their industry for the reason to help climate crisis, while those already rich country can keep polluting the world in the name of technology advancement.

kryptqnick

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I was initially sceptical, but I've decided to read about their effectiveness, and it seems that they can actually be a good thing to work on reducing carbon emissions. The US Environmental Protection Agency says they can be very effective under some circumstances, such as a large geographic area under pollution, many sources being responsible for pollution, and the possibility of properly measuring pollution. Then there's also an academic article in Nature that looks at various countries and claims that ETS reduces emissions and is generally effective.
In case of climate change, I believe it's important to rely on science, and despite our assumptions, it looks like ETS is a good way forward.

Spaceman1000$

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Quote from: Argoo on February 03, 2024, 05:56:33 AM

Quote from: Spaceman1000$ on February 02, 2024, 08:50:52 AM

I thought before now that there has been a clamor by international organizations and NGO's for countries to try and decarbonate themselves, which have led to the production of non-emitting carbon cars and engines and a great discouragement of usage of the fossil fuel, I hear everyday of green energy and the need to encourage green energy and stop in total the usage of combustion engines.

I'm surprised to know that carbon is now being turned to a commodity that is being traded, however if there's a strong market for carbon and people are weighing in to get the product, then I don't see the carbon emission stopping anytime soon.

Surely the established system of carbon allowances with the ability to trade unused allowances is wrong. Caps on carbon emissions are necessary. But if a country has made some progress in reducing such environmentally harmful emissions, it should be incentivized in other ways, rather than being presented with the opportunity to sell its right to emit a certain amount of carbon. In addition, the volume of such permitted emissions must be reduced every year, thus stimulating countries to use alternative energy sources and other economical production methods.

For some of us that are from developing nation's, achieving this height of carbon reduction seems like an unending crisis, carbonization and usage of combustion engine are heavily still in use in most of our countries , so Alternative source of energy looks like rocket science to us, because the environment to which alternative source of energy can fully come into implementation has not been laid yet.

Before we can fully go into alternative source of energy and supportedly the green energy, world leaders needs to come together and there should be a political will power to end carbonization across the globe, and that political will power, will come with sacrifice and not just a smoke screen cacophony that politicians use to do.

Argoo

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Quote from: Spaceman1000$ on February 02, 2024, 08:50:52 AM

I thought before now that there has been a clamor by international organizations and NGO's for countries to try and decarbonate themselves, which have led to the production of non-emitting carbon cars and engines and a great discouragement of usage of the fossil fuel, I hear everyday of green energy and the need to encourage green energy and stop in total the usage of combustion engines.

I'm surprised to know that carbon is now being turned to a commodity that is being traded, however if there's a strong market for carbon and people are weighing in to get the product, then I don't see the carbon emission stopping anytime soon.

Surely the established system of carbon allowances with the ability to trade unused allowances is wrong. Caps on carbon emissions are necessary. But if a country has made some progress in reducing such environmentally harmful emissions, it should be incentivized in other ways, rather than being presented with the opportunity to sell its right to emit a certain amount of carbon. In addition, the volume of such permitted emissions must be reduced every year, thus stimulating countries to use alternative energy sources and other economical production methods.

stompix

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Quote from: hugeblack on February 02, 2024, 04:37:19 AM

In trading carbon credits, (tCO2e) weighing one ton is used for sale, but it is noted that the total market value increases every year, and industrialized countries have begun to encourage projects that are harmful to the environment at the expense of purchasing carbon credits from other countries, as industrialized countries increase their investments that are harmful to the environment, while poor countries are The first to be affected by climate change.

Because if poor countries do this their whole advantage and main reason why players in heavy polluting industry have to move there is gone and they could just as well produce following the same norms in Europe and North America, so if they stop polluting....they die in poverty. Not so clear choice now, right?

Quote from: Lucius on February 02, 2024, 06:48:41 AM

Many people think that electric vehicles will be something that will save the planet from excessive warming, but the data shows that all traffic in the world produces about 14% of greenhouse gases, while cattle breeding has a share of even 31%, which is really shocking data.

Cattle breeding has a share of 31% of all farming, not overall gas emission, so it's more like all ruminants (cows, sheep, goats) including milk producing not just meat making 31% of 13.7% so more like 4.27%.
Also, 30% of all the cattle is in India, so good luck trying to cut the number down.

Quote from: Spaceman1000$ on February 02, 2024, 08:50:52 AM

I'm surprised to know that carbon is now being turned to a commodity that is being traded, however if there's a strong market for carbon and people are weighing in to get the product, then I don't see the carbon emission stopping anytime soon.

Carbon is not the commodity, it's carbon credits, so you don't get paid to produce CO2, you get fined for producing!

Doan9269

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Quote from: hugeblack on February 02, 2024, 04:37:19 AM

Almost all of us have heard of climate change, and perhaps some of us have begun to feel it, as emissions trading schemes (ETS) and carbon offset projects are the basic mechanisms in fighting climate change, but what is happening now is that the carbon market has turned, instead of a solution to the problem, into a mechanism to encourage countries to continue emitting. The emissions trading system has succeeded in turning carbon into a commodity.

This is one of the reasons I don't buy the idea of some of the governments at all, they will leave doing the needful a d concentrate on the needless, this was the same way they have been used in rendering several attacks on bitcoin saying it's an environmental disaster while other factors and human activities that were regulated by the government causing havoc upon lives couldn't be seen as the first priority they needed to deal with.

Quote from: hugeblack on February 02, 2024, 04:37:19 AM

In trading carbon credits, (tCO2e) weighing one ton is used for sale, but it is noted that the total market value increases every year, and industrialized countries have begun to encourage projects that are harmful to the environment at the expense of purchasing carbon credits from other countries, as industrialized countries increase their investments that are harmful to the environment, while poor countries are The first to be affected by climate change.

All these will continue to happen when we keep having leaders that are less concerned about the people and their welfares than what they stand to benefits from every of human activities be it harmful or not to the environment once it is under their own regulations because they are earning from it, this is the kind of economic activities our leaders have the courage of going for what is not beneficial to man but accept their uses and operations because they earn from them.

Spaceman1000$

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Quote from: hugeblack on February 02, 2024, 04:37:19 AM

Almost all of us have heard of climate change, and perhaps some of us have begun to feel it, as emissions trading schemes (ETS) and carbon offset projects are the basic mechanisms in fighting climate change, but what is happening now is that the carbon market has turned, instead of a solution to the problem, into a mechanism to encourage countries to continue emitting. The emissions trading system has succeeded in turning carbon into a commodity.

In trading carbon credits, (tCO2e) weighing one ton is used for sale, but it is noted that the total market value increases every year, and industrialized countries have begun to encourage projects that are harmful to the environment at the expense of purchasing carbon credits from other countries, as industrialized countries increase their investments that are harmful to the environment, while poor countries are The first to be affected by climate change.

I thought before now that there has been a clamor by international organizations and NGO's for countries to try and decarbonate themselves, which have led to the production of non-emitting carbon cars and engines and a great discouragement of usage of the fossil fuel, I hear everyday of green energy and the need to encourage green energy and stop in total the usage of combustion engines.

I'm surprised to know that carbon is now being turned to a commodity that is being traded, however if there's a strong market for carbon and people are weighing in to get the product, then I don't see the carbon emission stopping anytime soon.

Lucius

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If you ask me, all (or most) of these initiatives, ideas and projects that should reduce the amount of harmful gases in the atmosphere and reduce the increase in temperature are in some way just a smoke screen behind which nothing actually happens. Many people think that electric vehicles will be something that will save the planet from excessive warming, but the data shows that all traffic in the world produces about 14% of greenhouse gases, while cattle breeding has a share of even 31%, which is really shocking data.

Therefore, I think that our priorities are wrong and that we are slowly but surely heading towards a point of no return, which some scientists say has already been reached. Under crazy ideas about constant progress and growth, we are destroying the planet to the extent that it is returning it to us in the only way it can - and this very likely means that even before the end of this century, a good part of the southern hemisphere will not be suitable for normal life, and first one who will pay the price are the island states and cities on the sea coasts, which will slowly be taken over by the sea due to the melting of the ice on both poles.

hugeblack

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Almost all of us have heard of climate change, and perhaps some of us have begun to feel it, as emissions trading schemes (ETS) and carbon offset projects are the basic mechanisms in fighting climate change, but what is happening now is that the carbon market has turned, instead of a solution to the problem, into a mechanism to encourage countries to continue emitting. The emissions trading system has succeeded in turning carbon into a commodity.

In trading carbon credits, (tCO2e) weighing one ton is used for sale, but it is noted that the total market value increases every year, and industrialized countries have begun to encourage projects that are harmful to the environment at the expense of purchasing carbon credits from other countries, as industrialized countries increase their investments that are harmful to the environment, while poor countries are The first to be affected by climate change.

Topic: Carbon markets and climate change mitigation, Are we in the right direction? - page 2. (Read 322 times)