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- เผยแพร่เมื่อ 1 ส.ค. 2024
- In theory, carbon credits are a way for individuals and companies to offset their emissions from carbon-intensive activities, like flying. But do these credits actually work in practice?
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Have you ever purchased a ticket for a flight online and have them ask you if you want to buy a carbon credit? What is that? And can carbon credits really slow down the climate crisis?
It might sound like all hype, but carbon credits are becoming increasingly popular. By 2050, the demand for them could explode by a factor of 100.
Carbon credits are essentially tradable permits or certificates that give you the right to emit 1 metric ton of carbon dioxide or any other equivalent greenhouse gas.
#climatechange #carboncredits #globalwarming #science #seeker
Read More:
Why Carbon Credits For Forest Preservation May Be Worse Than Nothing
features.propublica.org/brazi...
"Ultimately, the polluters got a guilt-free pass to keep emitting CO₂, but the forest preservation that was supposed to balance the ledger either never came or didn’t last."
Carbon offsets are going primetime and they’re not ready
qz.com/2009746/not-all-carbon...
"Companies are clamoring for offsets, and more are becoming available. In the first quarter of 2021, 38.6 million metric tons of offsets were purchased globally, according to the analytics firm Ecosystem Marketplace, a record."
Can you really negate your carbon emissions? Carbon offsets, explained.
www.vox.com/2020/2/27/2099411...
"Some of the more established offset programs - like the United Nations’ REDD+ program or the Kyoto Protocol’s Clean Development Mechanism - have had a poor track record of meaningful reductions in emissions. Disagreements about rules around offsets also continue to derail international climate change negotiations."
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Carbon Credits are a derivative financial instrument and the 90 corporate polluters responsible for 2/3 of all manmade greenhouse gasses, should have no problem profiting off speculation in derivatives to cover the cost of their carbon taxes....all without even reducing their carbon footprint.
Meanwhile, 7 billion people (responsible for the other 1/3 of greenhouse emissions) will shoulder the burden of carbon taxes directly and indirectly in the form of higher cost of goods and services.....all while the 90 worst corporate polluters continue business as usual.
What about the carbon discredits waiting to be released from Siberia
#methaneclathrate
🤣
That would be carbon debits but you have a point 🙂
Can we just freaking fix this problem instead of trying to imagine the problem away with fancy gimmicky terms and loopholes? Kinda sounds like crypto-currency but for nature.
Wish it was that simple. It all boils down to money. We could shut down all CO2 emitting power plants today.... and half the planet would be pushed into a power deficit that would cripple the planet. We could start developing new solar wind and hydrothermal infrastructure, but that is expensive to setup, more so than just using coal and oil plants. Despite green energy being the godamn obvious solution, massive power companies find it cheaper to use coal and oil than to setup renewable. There is also the whole issue with places like Australia (My home country) where the government is pretty much a puppet to oil companies, but TBH cost is more of a factor there anyways. We could tax CO2 emitting processes, but people find loopholes. The CO2 emissions tax doesn't work if you can pretend you are emitting way less than you are. Easier to hire a lawyer to fiddle numbers than it is to just fix the problem from the start sadly
Plus TBF this carbon credits thing DID WORK for sulphur dioxide emissions in the past if I recall. That's why people are trying it with CO2. But it's not going anywhere near as smoothly due to CO2 emissions being a literal part of power and manufacturing for the most part. A lot of manufacturing techniques REQUIRE producing CO2 as a by-product. Sadly, it's cheaper to deal with the fines than to convert the CO2 into something else less dangerous
@@andreyrumming6842 green energy is not the solution, not even once. They've made you think so because it is profitable for business + there is different "discounts" from governments to make it look like they care.
There is no solution because there is no problem.
Nuclear powerplants are the only solutions. Anything else is a lie by the elites
Seaweed capture carbon 5 times than normal tree
Seaweed farms here we come!
Any time someone offer sto sell me a solution to complex problem, rather than insisting I make long term changes, I am sceptical. This is like lose weight while you sleep belts and just as ineffective.
Clever accounting without a reduction at the point of emission is not a genuine sustainable solution
So the credits are Bitcoin in nature. And...no they don't actually offset anything. It's a way to make people feel better about themselves despite not actually making any change to help the environment. If a company asks you to pay for a carbon credit, it's to ensure less money is coming out of their pockets. The carbon tax is on the company. Not the customer. The customer can't make a more eco friendly decision if the service provider doesn't invest in an alternative.
I work in the carbon crediting market and have been extremely skeptical of the models and the accounting. It’s a complex and dynamic environment and one can only hope that carbon crediting can be more precise, reputable, and mitigating incentivizing pollution.
Have you heard of mco2 its carbon credits on the blockchain I'm no expert but it sounds like it streamlines alot of these things with the benefit of trustless network
“When a tree is destroyed, all the carbon accumulated over its lifetime is released back into the atmosphere.” Not true. If the harvested tree is used to build a house or furniture then that wood is sequestered in the house for as long as the house stands - possibly for 100 years.
Selling Carbon credit on their website is a way companies can try and push the responsibility to customers it’s like the switch from glass sofa bottles to plastic the companies are no longer responsible
There are so many factual errors here. Where do I begin?
1) voluntary credits are still credits. They become offsets when they are retired.
2) the voluntary carbon markets used to be like the Wild West. Your criticisms are just 15 years late.
3) there is an international standard called ICROA and it has very strict requirements. Any ICROA-approved registries are reputable
4) registries hold around 10% of credits in reserve in case a project fails to maintain permanence, such as your forest fire example. Buyers of the burned forestry project still get legitimate offsets, just from another project.
5) ICROA has strict rules around additionally
6) turning CO2 into diamonds isn’t going to solve climate change.
I know that slamming carbon credits is a click-baity way to get more views but, if you really want to help the environment, why don’t you highlight some of the high-quality carbon credit projects out there and see them for what they are: one useful tool in a massive tool chest of solutions that all need to be promoted to save the climate for our children.
I truly wonder: what kinds of incentives are out there for existing forests to be kept intact?
The way the system is set up, it's worth taking down forests and selling reforestation carbon credits - which is mind boggling, if you think about it.
So yeah, I agree with Brazil's policy of trying to gain incentives for keeping it's forests up.
There are avoidance credits for avoided deforestation such as the Kariba REDD+ project.
Interesting Hexagonal setup in background while talking about Carbon! 👍
For F sake, just focus on stopping emissions. This doesn't disincentivize pollution it just commercialises it.
Such a joke.🤣😭🤣
1:42 "Reforestation Projects" - Pans to Palm Tree Plantation... bahahaha!
Interesting to understand the intricacies of carbon credits. Thanks seeker! 🙂
This video needs a part 2 to discuss Renewable Energy Certificates (REC). How do we accelerate the decarbonization of electricity in the US? How does the US use REC in carbon accounting? When is the purchase and retirement of a REC additional to existing compliance obligations? When is it not additional? (Greenwashing) Does the increase in demand for REC above the compliance obligation actually lead to more renewable projects being built? Also please highlight case where utilities told customers they were receiving “renewable” electricity but sold the REC and were caught and fined for misleading customers.
Go nuclear to replace fossil fuels. Go renewable to replace nuclear. If we don't use nuclear, it might cost us decades more with fossil fuel around.
To really reduce emissions in such short time, you need to invest in Nuclear Power Plants.
Or wind, or hydrothermal, or hydro, or wave, or solar.
@@matbroomfield yes, we need this, and better energy storage. We need to upgrade the way we produce electricity if we want to upgrade all the technology, if not, we will get power outage because they can't handle so much
@@matbroomfield well... no. Only nuclear energy works here
@@matbroomfield Solar and wind are garbage from any perspective.
We should have ramped up a Pigouvian carbon tax back when it was first proposed (70s IIRC).
So if you collect enough credits, can you exchange them for an upgrade. Like diamonds??
Nice video.
DOV coin is fixing alot of the issues surrounding the carbon credit market by tokenizing credits. Going to be huge
TLDR: Yes it works if you set it up like the EU does. But it doesn't work if you set it up the US-American way.
Thoughts on the MCO2 token?
It seems like if you can afford them, you can keep polluting. What stops the big oil and gas companies from doing just that?
Part of the beast system
A better way to sequester Carbon is in the soil as biochar. This recalcitrant for of Carbon persists for 100s of years! It also substantially increases soil fertility causing plants grown in the soil to grow more robustly and with increased vigor and health. This results in even greater Carbon sequestration.
Short answer: no
Long answer: NO!
This channel shifted from science news into theoretical what-ifs nonsense.
How much carbon was wasted making this video.. I’m guessing at least two polar bears.
gotta spend money to make money
i love her voice in almost all videos... 😊
Your smile and happy eyes don't fool me, news woman! We're screwed and we all know it!
One of the biggest greenwashers? Coca-cola
Welcome in Time Out (the distopian science fi movie)
Instead of trying to store maybe just.. idk make less
Fantasy credits,
So basically a reward system; a child forehead-star :)
Mark of the beast
"Just 100 companies responsible for 71% of global emissions, study says"
- Guardian 2017
And I betcha those 100 companies are all in the Fortune 500
That was for 71% of the industrial sector, which is 20% of the emissions. 40% of emissions are power generation. So even solving this 100 companies is dwarfed by everything else, including shipping what they produced, which counts as services, not industrial emissions.
I don't know you, but the likelihood that you bought some 2 to 10 products from those companies without considering greener alternatives during the last year is pretty high. Do you consider carbon impact of your smartphone? Do you buy one that costs double because the manufacturer reduced emissions?
Great video 👍🏿
Hello from India 🇮🇳☺️♥️
Nobody cares
@@theanarchist4449 Same to you.
An effective way to offset ones carbon emissions would be to invest into a nuclear power plant. One could even benefit from it financially.
Carbon storage tech would really be financially offset with these carbon credits because historically these technologies were way too expensive to do
So long as people remain ignorant and do whatever their tv tells them, like believing carbon is a problem or that humans affect the climate, the fake climate crisis will persist and everyone will be financially burdened by it.
4-FOLD INCREASE in world population (from 1.9 billion to 7.8 bn.) during the past 100 years has produced a 10-FOLD increase in CO2 emissions (from 3.5 billion tonnes to 35+ billion tonnes) over the same period!
China, India & Africa account for MORE THAN HALF of the world's current population... MOST of whom live in abject poverty and yet they still continue to reproduce!
We need to focus on halting this exponential world population growth and returning the world's population to pre-1970 levels if we are to have any hope of reducing CO2 emissions!
Plants love CO2. Maybe climate change is a reasonable price to pay for globally improved plant productivity. Particularly since many ecosystems are stressed from pollution, habitat destruction, overhunting/harvesting, etc. Increased autotrophic activity can allow ecosystems to better deal with these stresses.
Unfortunately global international Carbon offsets can’t work because there is no way to verify or monitor or police the effectiveness of the offset as one country has no jurisdictional control over another.
What about "plastic credits" to offset the damage caused by Bisphenol and phthalates... humans! slowly trading in death until they cant anymore.
And that is more damaging to the planet.
Carbon
Just gonna wait for [SG][H]
The US EPA had a wetlands offset program whereby developers ‘taking’ a wetland were required to offset that taking by constructing wetlands in a government designated wetlands bank. The bank was located in an area where the government wanted to increase the amount of wetlands for flood control, ecological corridors etc. There was not a 1 for 1 exchange as created wetlands were deemed not ecologically equivalent to those taken and the effort could fail so developers were required to offset at a much higher ratio to account for these realities. The Carbon offsets program should work the same way.
A tiny bandaid for a massive wound. This will do nothing.
Im glad everyone else thinks this is stupid.
How to get carbon credits as a former
"Why yes I would like to take a flight from LA to Paris"
"What's your carbon credit score, comrade?"
It would massively help the planet if such a system DID exist.
@@matbroomfield oh come on! We are pissants on the giant ball of rock hurling through space. To think we have any bearing whatsoever on the climate is brash and arrogant.
@@matbroomfield No, it wouldn't. Take an environmental science class and learn a thing.
@@aaronburrell3729 To think that we don't is anti-scientific and ignorant. Your uninformed feeling is irrelevant.
@@matbroomfield see what i mean by brash and arrogant? Science clearly says we have no impact and that weather is cyclical.
Carbon credit says like like tax, aren't we carbon based life.... if more c02 is in the are wouldn't that make plants bigger... or maybe we could just use hemp and bamboo they grow fast and are versatile... instead of ruining economics of regular ppl.
I don't like carbon credits. My preference is a system that taxes all carbon coming out of the ground and evenly distributes the proceeds to every citizen in the jurisdiction so they can afford the higher prices. But, of course, they don't have to. They can buy cheaper things that didn't need carbon from the ground to produce.
Ahh yes socialism
@@arthurmorgan6087 - Why is that socialism? Extracting carbon from the ground has a cost to everybody. Why should that cost not be paid so that market forces can drive it down?
Carbon isn't an issue. Take an environmental science class and learn something.
@@Omnifarious0 Your example is redistribution of wealth 101 except in your ideal analysis you expect everyone to use their government check for energy cost
@@garmancathotmailcom - Oh really? So you're saying that carbon removed from the ground isn't typically released into the atmosphere as part of a CO2 molecule? Or are you trying to claim that CO2 isn't the problem?
+15 carbon credit points 😁😁😁👍👍👍
😅
Seeker keeps teaching me stuff I didn't even know existed... thanks Seeker!
Didn’t you go to college?
@@aaronburrell3729 not specifically taught in my course
@@Cryptic141 usually the first two years of college are spent on broad subjects that everyone takes. The last two years of college are usually spent on specifics. I remember hearing about carbon credits in one of those freshman classes. Be careful “learning” directly from Seeker as they seem to always put a liberal political spin on science.
❤
Of course carbon credits could work. As long as we don't alow them to turn into an asset/business.
Now that we have, all we can do is watch a handful of millionaires get richer with them.
So plant more trees, to burn more trees.
Nuclear power is our only option at this time.
Carbon Tax and Renewable Energy Subsidies.
Ez.
I explode by a factor of 100 everytime I see this talking torso. Ooo la laa
solution - Pull out once in awhile ffs.
Жаль леса
$klimaDAO
Be better to plant trees !
🤣🤣🤣☕️
That’s absurd. What about fat credits? Should fat people have to pay to stay here? Same theory. It would act as a deterrent to being fat.
Fat people aren't altering the climate just by existing. Granted, taxing people for being fat technically is already a thing. The sugar tax. Less sugar, less health problems in general for those people
They want you to pay carbon credits to drive to work or be fat. Fat pay 2x more methane.
@@jrmontoya4739 so why not pass legislation to end fat people?
@@andreyrumming6842 We aren't altering the climate either.
Its the tail waging the dog in this presentation unfortunately. A carbon farming project should deliver clear environmental, social and cultural outcomes locally as well as a carbon credit.
First one
Is this a joke!?!🤣😭🤣
This is a horrible concept. Great opportunity to create loopholes.
Sure carbon tax the super rich
Ok guys... This is one of the worst ways to possibly handle this situation.
Got no problem with current presenter, but I'm wondering what happened to the previous presenters. Did they got 'cancelled'?
Climate change is occuring and will continue. The cause is non anthropogenic. There are serious anthropogenic problems that need to be addressed. A market based approach to raise funds to combat the environmental problems may work, provided that prices are set ethically . Don't, however, expect to stop climate change. Water, food production, climate will change. Furthermore by 2050 oil will have to be replaced because a trillion barrels will be gone from global deposits. If we go electric, the electricity to power 200 million vehicles will have to be generated. The task at hand is immense.i'm not sure carbon markets will address the situation.
Let's put solar panels on every home, business and covered parking rooftop and switch to electric vehicles making nearly everything we do solar powered while completely decentralizing our power supply and empowering everyone as power generation owners.
Solar power is CHEAPER and electric vehicles are soon to be CHEAPER to make and already are considerably CHEAPER to maintain and operate, especially if charged from your own solar power.
A 3-5 year ROI (return on investment) for a solar array that will generate power for decades is a no-brainer and the panels can even be made locally too.
#EndFossilFuels #SwitchToSolar #SwitchToElectric #GreenNewDeal #EmpowerEveryone #DEMEXIT #StillSandersPlatform
No.
$CEI BUY NOW 🚀🚀🚀📈
Why not viking coin?
Everyone wants the solution so long as it doesn’t affect them 😋
Talk about virtue signaling. And why is the presenter smiling so much in the face of a planet on fire?
Because they know it's a bs lie.
Symbian
And the minerals..for the Big Higth Tech..Military Industrial Complex..and for all the new modern devices...mobil phones.. to be the stupids how are buying in total control in the proxxy future..
So it's already a lost cause?
It always was, since the conception of the planet. What kink of person thinks it would stop for them?
Why are you whispering I think you need to move your microphone closer to you when you talk
great . . . . this is just another way to profit of something thats NOT helpful . . . . just what we need . . . .
Uuuum the Earth was warmer in the past remember, sooo......
Things are always supposed to be how they were in the past 60 years or so and if you say anything different you are anti science and racist and probably kick your dog.
@@qqq1701 wait are you be facetious?
If this keeps carbon tax out of the states I'm all for it. Carbon taxes only hurt poor and disadvantaged people and families
Biggest scam out hahaha absolute joke!
Please get a better mic, the sound quality is pretty annoying on some videos for a channel this big
Why are you so fast in reading 😠
No thanks.
It would help a lot not to whisper when making a youtube video. Just a useful unsolicited advice!
No, They're unregulated and forests are net carbon producers for 20 years. Stop with your clickbait.
I can't ever remember what she says.... i get lost in those eyes.