[Terrapreta] Carbon Trading Scheme

[Tom Miles]

The magnitude of the problem:

US carbon dioxide emissions are estimated to be 5.9 billion tons of CO2 this year. At 0.2727 tC/tCO2 that’s about 1.6 billion tons of carbon.  Emissions will be similar in China. 

 

There will be a variety of solutions but trying to solve the problem in someone else’s backyard is just delaying the agony. The present value of carbon sequestered at home today has to be greater than the costs of mismanaged international political solutions.

 

The market (Point Carbon):

MIDDAY MARKET UPDATE

The price of European carbon fell €0.70 in Tuesday morning’s trading session as financials took profits following two days of strong gains, traders said.

http://www.pointcarbon.com/Home/News/All%20news/EU%20ETS/Market%20reports/article22651-914.html

 

Buy a ticket to London:

 

CLIMATE CHANGE – POLITICS VERSUS ECONOMICS CONFERENCE, LONDON, 25-26 JUNE

2007

Environmentalists, scientists, economists, foreign policy and security experts and investors all have different understandings of how best to tackle the challenge of climate change. This conference will bring together representatives from each of these fields to discuss roles of international politics and economics in the global response to climate change. More info:

http://www.pointcarbon.com/Events/Upcoming%20conferences/article21943-141.html

 

Tom

 

From: terrapreta-bounces at bioenergylists.org [mailto:terrapreta-bounces at bioenergylists.org] On Behalf Of code suidae
Sent: Wednesday, June 06, 2007 7:11 AM
To: terrapreta at bioenergylists.org
Subject: Re: [Terrapreta] Carbon Trading Scheme

 

On 6/6/07, Sean K. Barry <sean.barry at juno.com> wrote:

Tom wrote:

Countries are better off managing their own carbon to live within their (our) environmental means. 

 

Tom, we will never do this.  We never have.  I think you know this.


In addition to the unwillingness or inability of nations to keep it in their own borders, it seems to me that as a nonindustrial country it might be a great thing to have the industrial nations climbing over each other to pay me to improve the productivity of my soil. Barring some unforeseen drawback, I don't see how that would be a bad thing. 

DOK
-- 
"Our ignorance is not so vast as our failure to use what we know." - M. King Hubbert 

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