- Buying carbon offsets is like buying indulgences for sins - it just makes people feel good. In particular, the monitoring of offset programs is so lax there's no way to know if emissions are truly offset
- A global carbon offset market discourages people from taking responsibility for the local impacts of their behavior. Local offsets, on the other hand, mean that polluters have to do something in their community to improve their climate impact.
- A cap and trade market seems very capitalist and efficient, but evidence shows that good old regulation or a carbon tax could reduce climate change emissions far faster than a market mechanism. (Note: the much heralded success of the US-based sulfur dioxide cap and trade market owes much to the cost estimates of the polluters that proved to be massively inflated.)
I think a smaller-scale cap and trade (e.g. local offsets) could prove very effective, but only if the policy is set at a national scale and it sets stringent carbon reductions (no generous baselines, please).
No comments:
Post a Comment