And yet I can’t find any buyers for my slightly used farts.
I’ve watched this thing develop for a while, like many.
They don’t give a hoot if the world gets warmer. It’s not about the world getting warmer.
And while carbon credits and various derivatives can be worth billions, it’s not really about that either.
The ultimate goal is a tax. A carbon tax. A tax that could be levied on every person on the planet who even breathes.
Cap and Trade and Carbon Credits these both were Ken Lay’s ideas.
The path to easy wealth may not be paved with carbon abatement certificates.
The price of carbon took a dive in the fifth auction conducted by the Regional Greenhouse Gas Initiative, a carbon abatement plan for in the Northeast. At the quarterly auction earlier this week, 28.4 million allowances with a 2009 vintage sold for an average price of $2.19 per ton.
Meanwhile, 2.2 million allowances with a 2012 vintage were sold for an average price of $1.87 per ton. From here.
I thought selling expensive, bottled water was the biggest scam ever. Carbon trading will make the bottled water market look like small potatoes.