Subtitled «
Do voluntary carbon offsets help counteract greenhouse gases, or are they just a way for guilt - ridden consumers to buy their way out of bad feelings?»
Not exact matches
While there's not much of a prospect for an expanding global market in hard
carbon credits like those created under the ailing Kyoto Protocol, this system provides a
voluntary means for people or businesses concerned with both climate change and ending energy poverty to have their money
do double duty.
Paying to reduce an equivalent amount of
carbon emissions through
voluntary carbon offsetting is the most cost effective, fast and efficient way of
doing this.
No one claims that
carbon markets alone will fix the climate mess, but they
do have a role to play, and its a role we hope to understand a bit more after this week, we thanks to two new surveys — one focused explicitly on the motives and strategies of
voluntary carbon buyers, and the other focused on the specific ways that
voluntary carbon markets are being utilized in different parts of the world.
The weakness of the scheme and the fact that emissions reductions achieved through
voluntary action or the newly announced home insulation scheme don't attract credits have led to a revival of the debate over the merits of a
carbon tax, as an alternative to emissions trading.
And second, the math just doesn't add up; even in the most ideal circumstances,
voluntary economic contraction in the developed world can't drive global
carbon emissions towards zero.
Do voluntary cutbacks include cutbacks cotrresponding to permanent conservation measures that are induced by the
carbon price?
Yesterday, we released our annual survey of the
voluntary carbon markets, which takes stock of what individuals, corporations, and governments have been
doing to offset their greenhouse - gas emissions until the Paris Agreement takes effect — which could happen as early as next year.
It
does however provide Australian businesses with an opportunity to demonstrate business leadership by incorporating
voluntary carbon offset policies into their broader corporate sustainability plans.
The IATA
does say that it could support carefully designed
carbon trading policies, though it prefers
voluntary agreements to regulation, and it claims that such schemes should be restricted to
carbon dioxide only, and that other emissions should be tackled by «other means» (no mention is made of what these means might be).
But
do you think
voluntary efforts alone can reduce emissions sufficiently, without government - imposed (e.g.
carbon tax) measures?
It might not be something you think about before you go to bed, but economists surely
do as the
carbon offset business —
voluntary and mandatory — could mean millions and billions of dollars in revenue.