Sale Of Indulgences Dominates Madrid Climate Summit

Posted: November 8, 2019 by oldbrew in climate, Emissions, News
Tags: ,

The vast climate money market is gearing up for the Madrid doom-fest, with more than a hint of smoke-and-mirrors chicanery included.

PA Pundits - International

By David Wojick, Ph.D. ~

In Madrid the negotiators will be trying hard to finalize the Paris Accord emission trading scheme. The non-binding Paris Accord targets may have big bucks value for some developing countries and this has led to a paralyzing controversy.

Emission trading means any country that does better than their target can sell the difference as indulgences, called carbon credits.

This is potentially a huge market. The airlines are already promising to offset their enormous, jet propelled emissions, and most developed countries are not on track to hit their targets, so there are a lot of potential buyers.

Countries like China and India have a lot to sell, despite their coal mania, because their targets are based on emissions per GDP, not emissions per se. Industrialization increases emissions but it increases productivity even more, a lot more. Booming Brazil also has a pot full of indulgences to…

View original post 474 more words

  1. […] über Sale Of Indulgences Dominates Madrid Climate Summit — Tallbloke’s Talkshop […]

  2. tom0mason says:

    Humm, maybe money to be made in bundling those ‘indulgences’ with some ‘below expectation’ portfolio investments, static collateralized debt obligations (CDOs), etc., etc., and resecure the whole package as green-reinvestment bonds for low mortgage eco-housing stock …

    What could possibly go wrong?

  3. oldmanK says:

    Ha. Hell on earth is something worth paying to avoid. And it was a good business model for the get-rich-quick minded. 😇

  4. oldbrew says:

    You couldn’t make it up…

    Australian Pet Owners Could Face Controversial Carbon Tax
    Nov 08, 2019

    Like people, cats and dogs—and other pets as well—also have a carbon pawprint.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s