Out of the frying pan and into the fire: The United Nations opposes voluntary carbon credits, while proposing carbon trading under Article 6 of the Paris Agreement
Out of the frying pan and into the fire: The United Nations opposes voluntary carbon credits, while proposing carbon trading under Article 6 of the Paris Agreement
Chris, you wrote "“government-regulated” carbon markets. This must be a reference to the still on-going negotiations about the carbon trading mechanism under Article 6..." " When I read the FT piece I thought "government-regulated carbon markets" referred to cap-&-trade schemes, which might make sense since (in theory) these programs put an upper limit (cap) on emissions (unlike the UNFCCC). Are you sure this is not the case? I guess we'll see when the doc is released or leaked to critics.
Thanks for this - you might be right that the UN report is referring to cap-and-trade. I assumed it referred to Article 6 simply because it's a UN report and Article 6 is the proposed carbon trading mechanism under the UNFCCC. As you say, we'll know more when the report becomes public.
Thank you, this article is almost manifesto level. All "carbon markets" are bullshit since there is no possibility that any existing part of Nature (except perhaps for the subduction of continents) could possibly offset millions of years of properly sequestered carbon being burned in only 200 years. There is no typeface large enough to write "Bullshit" in suitably. But remember, it is a demand-side issue, it is YOUR hand on the petrol pump that drives the search for more oil.
Chris, you wrote "“government-regulated” carbon markets. This must be a reference to the still on-going negotiations about the carbon trading mechanism under Article 6..." " When I read the FT piece I thought "government-regulated carbon markets" referred to cap-&-trade schemes, which might make sense since (in theory) these programs put an upper limit (cap) on emissions (unlike the UNFCCC). Are you sure this is not the case? I guess we'll see when the doc is released or leaked to critics.
Thanks for this - you might be right that the UN report is referring to cap-and-trade. I assumed it referred to Article 6 simply because it's a UN report and Article 6 is the proposed carbon trading mechanism under the UNFCCC. As you say, we'll know more when the report becomes public.
Thank you, this article is almost manifesto level. All "carbon markets" are bullshit since there is no possibility that any existing part of Nature (except perhaps for the subduction of continents) could possibly offset millions of years of properly sequestered carbon being burned in only 200 years. There is no typeface large enough to write "Bullshit" in suitably. But remember, it is a demand-side issue, it is YOUR hand on the petrol pump that drives the search for more oil.
The very paradigm of carbon credit trading and carbon taxation is bullshit. Please demand legislative mandates to stop fossil fuel extraction