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emissions trading set for failure.
#6
(23-03-2023, 01:07 PM)king1 Wrote:
(23-03-2023, 11:06 AM)C_T_Russell Wrote: Why would anyone want to purchase it?
I see it as a liability more than anything!

The reason its set for failure is the time it takes for these millions of trees to absorb carbon, while at the same time its only absorbing a drop in the bucket of a days worth of global CO2 emissions.
People are deluded, do they really think that they can keep burning CO2 because they own some credits in forest?
You would have to be planting the same amount of trees worth of carbon at the same rate you are burning the stuff, and that's just to remain status quo, its not going to reverse any climate impacts, and we are still burning CO2 left right and centre.

Its just greenwashing, just a way to make people feel better like they are doing something meaningful.

it's purpose is to build in a very real cost for businesses and industries that generate CO2, and conversely reward those businesses and industries that sequester CO2.  

It creates a financial incentive on both sides of the equation.  Not a be all and end all solution, but simply a means of modifying behaviours

How of any of this is going to mitigate climate change?
We have the best part of 200 years of CO2 emissions to catch up on, plus we still cant plant trees at the rate of burning, and at best even if we could, its not enough, we need to plant a whole continent to make any meaningful change.
Planting all of the saraha would achieve more than the few pines in NZ.
Check out the africa green belt, thats a more meaningful project, and why kiwis cant claim carbon offsetting for tree planting in the Amazon, i will never know.
Yet we are happy to let overseas buyers take over our farms and plant them all in pines.
Its hypocritical.
Thats why I really like Act's climate policy, because they would permit this.


Messages In This Thread
RE: emissions trading set for failure. - by king1 - 21-03-2023, 05:20 PM
RE: emissions trading set for failure. - by king1 - 23-03-2023, 01:07 PM
RE: emissions trading set for failure. - by C_T_Russell - 24-03-2023, 11:39 AM
RE: emissions trading set for failure. - by king1 - 24-03-2023, 11:49 AM
RE: emissions trading set for failure. - by king1 - 24-03-2023, 12:34 PM

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