we need to regulate breathing
What emerged from the Kyoto meeting is that as each country produces CO2, it must be able to contain that CO2 by tree-planting or other processes that can absorb it, such as sequestration and changing farming methods. Or it can reduce the CO2 it produces in the first place. If that country produces more CO2 than it can absorb, it must purchase an ‘absorption ability’ from another nation. The Carbon Credit is this new currency and one Carbon Credit is equal to one Tonne of CO2 and is called a CO2e (CO2 equivalent). A nation might have a shortfall in absorbing 500,000T of CO2 and according to the Kyoto agreement it must seek to purchase those from another nation that has been planting trees for such a consideration. Costs are between US (ironically) $10 – 40 per credit.
So, Algore, show us the receipts!
You can all laugh, but Goldman Sachs is laughing to the bank to the tune of billions per year in commissions on carbon fees. This is BIG business. One of the biggest around.
It's actually worse than most people realize. That poor sod is going to have to do something with that money (or it's not worth taking). What's he going to do? Buy goods or services. Since his country isn't producing he'll have to buy it from an evil capitalistic society which will pollute more to produce it and then have to ship it to him which puts even more CO2 into the air. This scheme is likely to produce more pollution , not less.
bump
I’ve been buying dihydrogen monoxide offsets.