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:


Prepare! Keep a Grab-n-Go Survival Kit Handy

Are you prepared in the event of a sudden emergency? Blizzard, earthquake, insurrection after the inauguration? We know a lot of people are wondering what’s coming next in the US, as well as the world, given terrorism, politics, and global warming, among other threats. In this excerpt from When Technology Fails, a popular book on […] Read More

Chelsea Green: In the Media 2016

Oh, 2016. Where did the time go? Each year, Chelsea Green receives hundreds of mentions (well over 1000 in 2016) in the media both big and small. From interviews, to excerpts, to opinion pieces by authors we’re always working to make sure that the mission and message of each book is spread far and wide. […] Read More

Yes, America We Can Make It … Really

Uncertainty got you down? The political world may seem like it’s crumbling around us, but this we know: We can make it, America. Literally, we can make things. Houses. Gardens. Food. Below we’ve selected some of our classic how-to and DIY books (and some new favorites) to help you sustain your self, family, and community. […] Read More

Chelsea Green on Instagram: Our Most Popular Photos of 2016

What a year for Chelsea Green on Instagram! We began the year with 500 followers and are now fast approaching 4,000 photo-loving brewers, gardeners, cheesemakers, permaculturists, foodies, seed-savers, homesteaders, foragers, and more. Our most popular posts of 2016 say a lot about what makes you happy: mushrooms, innovative garden designs and techniques, tiny cabins, and […] Read More

What’s a Carbon Sink?

World leaders met in Marrakech this month as part of COP22, to discuss the next steps to reducing global climate emissions. One of the solutions being discussed is carbon farming. Author Eric Toensmeier participated in COP22, in part, because he literally wrote a book on it. First off – what is carbon farming? It’s a […] Read More
Follow us
Get every new post delivered to your inbox
Join millions of other followers
Powered By WPFruits.com