…to discover that carbon management and carbon credits are scams.
As for the carbon offsets so beloved of our elite Gulfstream Greens:
Companies and individuals rushing to go green have been spending millions on “carbon credit” projects that yield few if any environmental benefits.
A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place.
Others are meanwhile making big profits from carbon trading for very small expenditure and in some cases for clean-ups that they would have made anyway.
Net effect of most carbon offsets: zero, or close to it. The Gulfstream Green crowd’s carbon footprints are just as big as before, in other words, although by writing a check they have given themselves permission to ignore this fact.
And from the statist/authoritarian wing, we have cap and trade, which many proponents like to claim is a market solution. As if a market in an artificial intangible permit issued by government and valued only because of government regulatory scheme is anything other than gussied up rent-seeking.
This system sets an overall cap on carbon emissions, creates a fixed set of carbon credits which add up to this cap level, and then allows companies to trade credits with each other. There really is no upside to this system, though proponents will argue that it does have a firm cap on carbon emissions. The downsides are that industries will cheat, price volatility will be really high, counties will cheat and the system privileges insiders:
By creating tradable financial assets worth tens of billions of dollars for governments to distribute among their industries and plants and then monitor, a global cap-and-trade program also introduces powerful incentives to cheat by corrupt and radical governments. Corrupt governments will almost certainly distribute permits in ways that favor their business supporters and understate their actual energy use and emissions.
And, of course, the final ‘solution’ to global warming is the carbon tax, which, like any tax, will grind down productivity, transfer wealth from producers to parasites, burden the development of truly poor areas, and (absent a trade war or true Global Total State) be applied only on a local basis and thus be ineffective to reduce carbon output in any meaningful way. Does anyone think that the worlds biggest carbon producer, China, will cripple its economy with this tax?
The three proposed solutions for the carbon problem are ineffective, corrupting, and damaging. Only someone in the grips of green religious mania, or with a profitable angle dialed in, could possibly be in favor of any of them.