Carbon Credit Scam Exposed: Carbon Markets Fail As CO₂ Declines

Posted: April 3, 2020 by oldbrew in Critique, Emissions
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Demonising a harmless trace gas can lead to bizarre results. Here’s another one.

PA Pundits - International

From the team at CFACT ~

Environmentalists and green bureaucrats have watched in shock as the coronavirus global shut down has now caused carbon credit markets to crash.

The European Union’s carbon credits price has fallen by 40% this year so far. This market was worth $215 billion last year, according to Bloomberg Environment. The price drop has rubbed out two years of EU carbon market gains.

It turns out that if there are extremely low levels of carbon dioxide emissions, as is the case currently with businesses and industries shuttered, the companies doing the carbon emitting don’t have to buy any carbon credits to make up for it.

And if no one is buying carbon credits to offset emissions, well, then the so-called “market” for carbon dies.

Wait a minute, isn’t the whole idea of these carbon credits to reduce CO₂ emissions; what climate campaigners refer to as…

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Comments
  1. Phoenix44 says:

    I’m simply not understanding the outrage. Carbon credits incetivise some businesses to invest in new, lower emitting plant or assets, and others to pay for their lwoer emissions rather than investing. That allows businesses to choose which route to go and to time new investements, rather than just being told by the state to buy new plant. When emissions fall, the price of credits falls. That’s exactly how it should be.

    THe fact there’s a market is a good thing. Yes, its thre because of regulation, but regulation is eveywhere, and in most cses is simply mandated – you will make a safer car.

  2. roberttulip says:

    Whoops, I was under the wrong impression you were scientific. “harmless trace gas”

  3. stpaulchuck says:

    you have to be pretty naive to believe this carbon credit nonsense is supposed to reduce the Satanic Gas. What is fun though is watching all these swindlers and snake oil salesmen see their ‘sure thing’ investment scam going south at an ever increasing rate, ha ha ha ha.

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