Tax Dollars at Work

[dbacks fan]

That's exactly how the strategies behind Generation Investment Management work.  They are a derivative market system.  Companies purchase credits to offset what they produce.  Those credits can be leveraged to increase carbon output.  Money from those credits is then invested in other companies that mitigate carbon output or offer carbon neutral investment strategies in technology or research (grants).  As those industries grow or shrink, the value of the purchased derivative is affected.

A third variable introduced into the climate trading model (carbon offset market) is a derivative value based on estimated carbon emissions.  This is where the fun is.  Much of the money invested in research is in the form of grants.  The value and ultimately award of such grants is dependent on the continuation of current climate philosophy.  

Think about it.

That was my take away from some of the articles is they are buying carbon credits/offsets instead of making improvements or avoiding fines for the amount of carbon they produce.
This would then go into a general fund for R&D for solutions to the problems, and we all know how grant money can be used.


Nevada wanted to do something similar with a twist to increase state revenue. They want to sell a pass for $50.0025.00 that will give you 24 hours of driving on the rural highways at whatever speed you want 90mph, figuring that they have quite a bit of deselate highway people would flock to do this.

(edited by me)


http://content.usatoday.com/communities/driveon/post/2010/09/nevada-politician-wants-drivers-to-speed-for-a-fee/1

[Gaspar]

That was my take away from some of the articles is they are buying carbon credits/offsets instead of making improvements or avoiding fines for the amount of carbon they produce.
This would then go into a general fund for R&D for solutions to the problems, and we all know how grant money can be used.


Nevada wanted to do something similar with a twist to increase state revenue. They want to sell a pass for $50.00 that will give you 24 hours of driving on the rural highways at whatever speed you want, figuring that they have quite a bit of deselate highway people would flock to do this.

It is exactly the same a selling indulgences.  Algore wanted to be the first Pope of the new religion.

[Conan71]

I'm curious who has been profiting off the option to buy carbon credits to ease your vacation guilt on Expedia.  Are they even still doing that?

[dbacks fan]

I'm curious who has been profiting off the option to buy carbon credits to ease your vacation guilt on Expedia.  Are they even still doing that?

TerraPass.

"TerraPass is a social enterprise that provides carbon offsetting products to individuals and businesses. Headquartered in San Francisco, California, TerraPass uses proceeds from member purchases to fund greenhouse gas reduction projects such as wind farms and methane digesters. TerraPass products include a Road TerraPass to offset car emissions, a Flight TerraPass to offset airplane emissions, a Home TerraPass for home energy use, a Business TerraPass for organizations, and a Wedding TerraPass for weddings and other events."

Wedding TerraPass?   



http://www.terrapass.com/blog/posts/terrapass-launc


http://en.wikipedia.org/wiki/TerraPass

[Gaspar]

TerraPass.

"TerraPass is a social enterprise that provides carbon offsetting products to individuals and businesses. Headquartered in San Francisco, California, TerraPass uses proceeds from member purchases to fund greenhouse gas reduction projects such as wind farms and methane digesters. TerraPass products include a Road TerraPass to offset car emissions, a Flight TerraPass to offset airplane emissions, a Home TerraPass for home energy use, a Business TerraPass for organizations, and a Wedding TerraPass for weddings and other events."

Wedding TerraPass?   



http://www.terrapass.com/blog/posts/terrapass-launc


http://en.wikipedia.org/wiki/TerraPass

Wow!  They discuss FOX News, as the only carbon neutral news organization.

"When the number crunching was completed, News Corporation offset 110% of its FY 2010 unavoidable carbon footprint by investing in emissions reduction projects."

Our efficiency projects pay for themselves in less than two years, on average, and span from simple solutions like lighting retrofits and automatic PC shut-down to systemic changes like installing telepresence and videoconferencing technology to reduce the need for air travel.--Rupert Murdoch

Should make Heron happy.