Great article, and with the kind of detail that's needed.
If you or somebody you know would like to take a look at the carbon reward policy, please do. This policy avoids carbon offsetting altogether. A new international body, called a Carbon Exchange Authority (CEA), would take responsibility for the whole carbon reward market, and they would offer financial rewards based on long-term (100+ year) contracts. The CEA would have the capacity to force clawbacks from projects if they fail to perform. Assessments can be contracted to the private sector consultants, if they are certified. They earn fixed fees and so they're more likely to discover bad actors and protect their reputation as assessors.
There is much more in the policy paper, including an expanded economic framework that explains why carbon credits/offsets and standard policies are unable to correct the market failure in GHG emissions. The core reason for the climate crisis is a previous failure to identify and manage "systemic risks to the carbon cycle."
Dear Chris,
Great article, and with the kind of detail that's needed.
If you or somebody you know would like to take a look at the carbon reward policy, please do. This policy avoids carbon offsetting altogether. A new international body, called a Carbon Exchange Authority (CEA), would take responsibility for the whole carbon reward market, and they would offer financial rewards based on long-term (100+ year) contracts. The CEA would have the capacity to force clawbacks from projects if they fail to perform. Assessments can be contracted to the private sector consultants, if they are certified. They earn fixed fees and so they're more likely to discover bad actors and protect their reputation as assessors.
There is much more in the policy paper, including an expanded economic framework that explains why carbon credits/offsets and standard policies are unable to correct the market failure in GHG emissions. The core reason for the climate crisis is a previous failure to identify and manage "systemic risks to the carbon cycle."
Please see: https://doi.org/10.5281/zenodo.17294364
Thanks in advance.