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Carbon Credit~ What it is
11-10-2007, 10:41 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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Carbon Credit~ What it is
I have read about this evasive thing, but was never quite sure what the heck it actually was. Got this from Investopedia. Since they can be traded, is there an index? An ETF? a MF? It's still a big mystery to me.
Quote:
Term Of The Day: Carbon Credit
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A permit that allows the holder to emit one ton of carbon
dioxide. Credits are awarded to countries or groups that have
reduced their green house gases below their emission quota.
Carbon credits can be traded in the international market at
their current market price.
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Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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11-10-2007, 12:00 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,895
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here's a picture of just some of the plants i've grown in my garden. i specifically decided when i bought this place to plant as much as i could to try & make up for what i take from the planet. my property is by far more plants than house. even over the house is a canopy of trees. from that i get the carbon credits which not only allow me to live here with an easy conscience but it also allows me to drive hard the stang gt.
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"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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11-10-2007, 06:59 PM
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#3
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Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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I thought they were mostly for companies that spew carbon into the atmosphere. If they use less than their allotment of pollutants, they can sell the remainder on the market for companies that use more than they are alloted.
I do not think this is for personal use, but for business use.
Be very cool to take this to a personal level though.
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11-10-2007, 09:58 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,819
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more info here:
Carbon credit - Wikipedia, the free encyclopedia
Personal carbon trading - Wikipedia, the free encyclopedia
I'm not totally up on it, but I think the carbon credits are totally voluntary. If you want to demonstrate that you are meeting some goal, you can buy credits, or reduce your carbon footprint and then sell those credits to others.
Some other regulated pollutants are treated this way, and it makes a lot of sense. The issue here is that w/o any real economic incentive, carbon credits are a bit hollow.
Maybe someone can fill in more, but I thninks that is the basic issue.
-ERD50
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11-11-2007, 01:33 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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Quote:
thought they were mostly for companies that spew carbon
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I thought so also until VP Gore claimed that he was allowed to run up his electric use @ home because he somehow offset that use with a carbon credit.
The mystery continues...
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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