Re:We should not let the Earth overheat
by mo_42 on Wednesday June 07, 2023 @01:42AM
(#36223285)
We need to implement a global market for CO2 emissions. If the supply of rights to emit C02 is low enough (e.g., negative), the price will raise so high that these people can make a profit of removing CO2.
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Re:We should not let the Earth overheat
by numbers_guy on Wednesday June 07, 2023 @02:18AM
(#36223493)
CO2 accounting is hard and easy to corrupt. And I don't believe that market value alone is a strong enough utility signal to be used to prioritize the important aspects of life.
It has precedent as has already been implemented to limit SO2 emissions to prevent acid rain https://www.epa.gov/airmarkets/2022-so2-allowance-auction
I’m not sure how globalizing the corruption and questionable accounting practices of carbon credits worldwide will actually help matters.
Re:We should not let the Earth overheat
by bunga-bunga on Wednesday June 07, 2023 @01:50AM
(#36223338)
That’s basically “carbon credits” except that companies only buy it to reach “green” status.
Does any meaningful segment of consumers actually boycott companies for not buying carbon credits?
Why are companies buying them? Do these companies get tax write offs? Does it help with employee retention? To deflect other bad press?