RE: [LIBERTY] Will Taxes And Carbon Credits Solve The Climate Issues?
Thanks for the informative post.
I enjoyed reading it.
RE: Your Post
The Carbon Credits solution reminds me of the "alcohol chits" that were issued to active duty at NAS Roosevelt Roads, Puerto Rico in the '80's.
It was supposed to limit the amount of alcohol any one individual could purchase (based on rank and "daily ration" periodicity) in an effort to combat the rampant alcohol related accidents/crime and alcoholism on the island - especially when U.S. servicemen were involved.
IT DIDN'T WORK.
The players ended up "Gaming the System" very quickly (e.g., buying alcohol chits cheaply from tea-totallers, forging chits, operating modern "Speak Easy" establishments off base, etc.).
I'd venture to guess that the same is happening in the Carbon Credits space.
But hey, maybe I'm just to ignorant to all the facts...
Namaste, JaiChai
Gaming the system is indeed what is going on. The majority of carbon credits generated by Russia and Ukraine for example actually didn't represent any real cuts in emissions. There was for instance one chemical plant in Russia that actually increased its emissions of two other greenhouse gasses, HFC-23 and Sulfur Hexaflouride (much more powerful than CO2), and then started to destroy the pollutants just in order to gain the carbon credits. Some studies claim that carbon credits have increased emissions by some 600 tonnes. Thanks for your comment!