Chelsea Green Publishing

Chelsea Green Blog

LISTEN: Can Cap and Trade Save the Planet?

Cap-and-trade was the free market mechanism that was going to save the planet. Forgive me for being skeptical, but the terms “free market” and “save the planet” rarely fit together comfortably. One of the biggest issues, as Mark Schapiro of the Center for Investigative Reporting explains in his piece in Harper’s this month, is regulation. Who exactly is going to be regulating these polluters? And how can we be sure they’re actually doing their job and not falling asleep at the wheel the way the rating agencies that were supposed to be keeping Wall Street in check did?

Schapiro talked about some of the problems with the burgeoning cap-and-trade market in this interview from American Public Media’s Marketplace:

Ryssdal: The cap and trade regime has two purposes. One is actually functioning as a market. The other side of the coin, though, is the questionable part. Whether or not it actually does really reduce carbon emissions.

SCHAPIRO: Yes, let me give you an example. If a major German utility, which monitors the emissions at every one of their utilities all around Germany, and every month that company knows exactly how much over their emission cap they’re going; and so whenever they reach that cap they know they have to go buy five million tons, 10 million tons, 50 million tons, 100 million tons of these things called credits.

Ryssdal: And when they need those credits they go to Brazil or some other developing economy where some entrepreneur has set up a system whereby he can promise reductions in emissions, yes?

SCHAPIRO: Yes, so that utility can then look to a developing country like Brazil, or China, or India to find a project where a developer is saying all right, I would have been emitting X amount of methane, for example. But I’m going to put in a little machine that’s going to capture the methane from the landfill and therefore I’m going to reduce my emissions by X percent.

Listen Now

Read the whole article here, or listen on marketplace.publicradio.org.

 

Related Articles:


Reimagining Restoration as a Radical Act

Finding ways to manage “invasive” species as we’ve come to know them has sparked a vigorous debate within conservation and restoration communities, as well as farmers, gardeners, and permaculturalists.In her thought-provoking book Beyond the War on Invasive Species, author Tao Orion urges us to rethink and reimagine restoration as a way to break out of […] Read More

Trust Your Unconsciousness: Elizabeth Marshall Thomas on Writing

Elizabeth Marshall Thomas is a New York Times-bestelling author, traveler, and astute observer of the natural world. In Dreaming of Lions, a paperback edition of her memoir, Thomas pens a powerful new afterword and a selection of photos from her extraordinary life is included. Below is an excerpt from her chapter about writing, and her […] Read More

Ask the Experts: Submit Your Permaculture Questions Now

Attention all growers, food-lovers, and green-living enthusiasts, we are once again celebrating Permaculture Month by putting our pioneering permaculture authors to work for you.Chelsea Green is proud to publish and distribute some of the most recognized, and award-winning, names in permaculture, and we’re making several of them available to our readers to answer any and all […] Read More

Recipe: Pascal Baudar’s Basic Wild Kimchi

Experiment with what you have, anything from the mustard family will work extremely well. Read More

Author Elizabeth Marshall Thomas: Dreaming of Lions

Reading through your life story, it’s clear that you were amazingly open to new experiences, approaching them like an observer who arrived with few previously held ideas. Do you think that it takes that kind of openness to see and understand animals and people in new ways, as you’ve done throughout your career? I do, […] Read More
Follow us
Get every new post delivered to your inbox
Join millions of other followers
Powered By WPFruits.com