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Emily Brown
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Carbon Trade (Carbon Credits, Offsets)
November 18, 2006 - 10:05 AM
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Hey All
I am just curious what people know about the Carbon Trade . . . it is definitely becoming more and more popular, especially carbon neutrality after An Inconvient Truth came out, and the FIFA World Cup went 'carbon neutral'. And is there a mandetory carbon credit scheme in the EU right now? I thought I read that somewhere and that I would confirm.
Does it work? In what I know now, I'm skepticle, but I may not have a right to be - if anyone has any great info on it that I don't know, let me know.
Enjoy!
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Anu maheshwari
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Re: Carbon Trade (Carbon Credits, Offsets)
November 18, 2006 - 11:16 AM
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check the following site for more information;
How is carbon traded?
There are two main ways to exchange carbon.
The first is what is called a cap-and-trade scheme whereby emissions are limited and can then be traded. Under Kyoto developed countries can trade between each other.
The European Trading Scheme (ETS) is a cap-and-trade scheme and the largest companies-based scheme around.
It is mandatory and includes 12,000 sites across the 25 European Union member states.
It came into force in 2005 and covers heavy industry and power generation, including non-European companies.
There are also voluntary cap-and-trade schemes.
The Chicago Climate Exchange (CCX) is such a scheme.
Interest in carbon trading at regional level is increasing in America, even though the US government has decided not to ratify Kyoto.
The UK also has its own voluntary scheme, for which companies cut their emissions in return for incentive payments.
The second main way of trading carbon is through credits from projects that compensate for or "offset" emissions.
The Kyoto protocol's Clean Development Mechanism (CDM), for example, allows developed countries to gain emissions credits for financing projects based in developing countries.
A Kyoto mechanism called Joint Implementation (JI), also involves project-based schemes whereby one country can receive emissions credits for financing projects that reduce emissions in another developed country.
Compliance is critical.
Under their Kyoto obligations, industrialised countries have 100 days after final annual assessments to pay for any shortfall - by buying credits or more allowances via emissions trading.
Failure to do so leads to further penalties.
In voluntary schemes, by contrast, this is not the case.
It sounds attractive - does it work as a way of dealing with climate change?
Trading, whether between companies or countries, only works if emissions are reduced enough to contain global warming. Creating a market does not, by itself, reduce emissions.
Moreover, the benefits could be severely limited if trading is not comprehensive.
As important as what or who is included is what is not included.
Carbon dioxide represents only part - albeit a crucial part; more than 70% - of all greenhouse gases.
read on ......
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Manny Maurice
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Re: Carbon Trade (Carbon Credits, Offsets)
November 29, 2006 - 10:36 AM
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According to a recent BBC report, professional assessment of the ETS has revealed that the carbon trade in the long run is ineffectual in the general bid to roll back global warming. I would imagine the major reason for its widespread support is the idea that it gets environmentalists off the backs of culprit companies, and affects the picture of active involvement in the solution, not the perpetration.
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Oliebol
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Re: Carbon Trade (Carbon Credits, Offsets)
February 7, 2007 - 12:42 AM
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Interesting we are just going through the process at the moment… have a look
We seem to be dragging our feet if you ask me ????
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Manny Maurice
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Re: Carbon Trade (Carbon Credits, Offsets)
February 8, 2007 - 01:44 PM
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My sentiments exactly, and the reasons are obvious. The path of rationale would be to weigh the pros and cons of engaging the carbon trade programme and deciding in favour of the most favorable course of action. But the prevalent trend, not only in Australia, but also in the States and to a certain extent Europe, is the inertial reluctance to change the status-quo. The fallacy supporting this: "Things aren't THAT bad presently".And I think Australia makes a mammoth mistake not attempting international carbon trading. The domestic option direly delimits the progress of such a programme.
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Oliebol
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Re: Carbon Trade (Carbon Credits, Offsets)
February 13, 2007 - 11:06 PM
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zonerator wrote:
I think Australia makes a mammoth mistake not attempting international carbon trading. The domestic option direly delimits the progress of such a programme.
I do agree with you that the soon that Australia joins a Carbon trading scheme the better. The real problem here is that the primary resources sector here in Australia is the foundation of the economy so people are very scared to implement this kind of scheme.
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Manny Maurice
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Re: Carbon Trade (Carbon Credits, Offsets)
February 14, 2007 - 02:12 PM
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Hm...quite the quandary there. It's a dilemma also faced by a host of other energy-dependent countries as well like the OPEC cartel and the like, though the heat is hardly on them considering their GHG emission count.
The global warming phenomenon however remains the seeming menacing reality of our time, and unless we scythe through the red-tape and heel to hard-boiled facts for once in the history of world politics, only time will tell the cost of consequence.
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Manny Maurice
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Re: Carbon Trade (Carbon Credits, Offsets)
March 7, 2007 - 09:35 AM
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A take on the voluntary market of carbon offsets is quite insightful and reveals how little has been done in the way of sociological research to make the consumer psyche more receptive to the carbon trading initiative. Instead, consumers have been conditioned over the years to expect scientific solutions will override whatever ills the world throws at us - or those we throw at ourselves. And maybe someday some gizmo that gobbles CO2 and expels oxygen will be invented, but until then a watchword that needs impressing on the minds of mankind is 'responsibility' - not 'technology'. Cat-belling, anyone?
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Rajesh
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Re: Carbon Trade (Carbon Credits, Offsets)
March 12, 2007 - 04:06 AM
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Do you think carbon trade work? Is it longlasting? We are using forests as carbon sink. What would happen after sink is fulfilled? On the one hand we are talking about future generation, on the ohter hand, working for short term solution. For me, facing climate change problem is not trade, but minimizing the use of energy. 
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