Big companies have purchased carbon offsets that promise to save forests under threat. But in many cases they’re not under threat, so nothing is being saved. In this segment from Getting Warmer, Kal Penn takes a skeptical look at the effectiveness of these programs in reducing emissions. Can the carbon credits market clean up its act?
some of this is wrong. "Carbon offsets have no benefit if wind power is already cheaper than fossil fuels". yeah they do. the difference between a 5% ROI and a 20% ROI is that the project actually gets done
But what if the project is already 20% ROI? The problem with those offsets, is that it is very difficult to know if it really made a difference or not, and currently a lot of wind and solar projects are profitable on their own. Sure thing, it can vary from project to project, but the accountability of all of this is very difficult and the risk of bogus offsets is high.
Those three SUVs parked outside of the carbon capture facility produce more carbon in a year driving to and from the facility than does that facility take carbon out of the atmosphere.
"In any system of energy, Control is what consumes energy the most. Time taken in stocking energy to build an energy system, adding to it the time taken in building the system will always be longer than the entire useful lifetime of the system. No energy store holds enough energy to extract an amount of energy equal to the total energy it stores. No system of energy can deliver sum useful energy in excess of the total energy put into constructing it. This universal truth applies to all systems. Energy, like time, flows from past to future".
"No system of energy can deliver sum useful energy in excess of the total energy put into constructing it." Just overwhelmingly utterly false. Stop having strong opinions please. I think you are thinking of the conservation of energy which says nothing can produce more energy than what is put into it.... which of course is very VERY different to it can never produce more energy than it took to build it. If what you said were true, that would mean no energy business could ever possibly make a profit... which is dumb.
@@Ddub1083 What humans have lived, under our outgoing Western Civilisation, is actually the best of a Communism-disguised-Capitalism system - owing to fossil fuels being traded under what's called 'supply and demand', not on the basis they are finite. "no business could ever possibly make a profit enough to repair itself from wear and tear and caseation" - which sounds dumb to us - but true, and humans cannot prevent it, being a law of nature.
How? It would be a scam if states, properties could not protect (the already protected forests) with the money they are getting selling credits. Think of a scenario where a another corporate comes out of nowhere and offers a million bucks to cut a portion of the forest (after passing EIAs) now a state that is earning credits will have the least motivation to do so. I think carbon credits being paid to existing protected forests are important. It's just on a first come, first serve basis. Don't think we should cry about it. The way to mitigate or minimise any abuse of this is gvt control- Cap and trade; also passing laws to make it compulsory for companies to have a minimum percentage of "additionality" when they calculate carbon offsetting.
Very hard. You need to find lands, you need to make sure those trees will survive, you need to make sure they won't be cut down in 30 years for now, you need to replant it is there a forest fire. They came with a lot of co benefits taught, but thinking we can just plant trees easily is wrong.
So what should the world do NOTHING? My problems with clowns like this dude is they NEVER offer a solution! They spend a gazillion hours on showinf us what won't work ask them what will work and it's cricket's! It's all about views for these dudes not facts!
Bloomberg LP is doing the very thing this report is calling out other companies of doing 😂 It's in their Bloomberg Impact Report
well.... presuming they were bogus.
Big companies have purchased carbon offsets that promise to save forests under threat. But in many cases they’re not under threat, so nothing is being saved. In this segment from Getting Warmer, Kal Penn takes a skeptical look at the effectiveness of these programs in reducing emissions. Can the carbon credits market clean up its act?
Someone on Rapa Nui once asked - "Hey? Why are we doing this?". Someone on Rapa Nui also once said - "Shut-up and stop asking so many questions".
Do we hear about any company paying for carbon credits to preserve the Amazon forest?
What else do we expect from JP Morgan
A global financial crisis?
some of this is wrong. "Carbon offsets have no benefit if wind power is already cheaper than fossil fuels". yeah they do. the difference between a 5% ROI and a 20% ROI is that the project actually gets done
But what if the project is already 20% ROI? The problem with those offsets, is that it is very difficult to know if it really made a difference or not, and currently a lot of wind and solar projects are profitable on their own. Sure thing, it can vary from project to project, but the accountability of all of this is very difficult and the risk of bogus offsets is high.
Those three SUVs parked outside of the carbon capture facility produce more carbon in a year driving to and from the facility than does that facility take carbon out of the atmosphere.
Ecosia search engine 👍
Isnt it a start? At some point people will actually need to plant trees
fantastic exposè. some of the most insidious greenwashing taking place currently. it makes my blood boil
Less and less people believe in this malarkey anyways
Billionaire scam
They should finance new nuclear power plants it would have significant impact in places where fossil fuels burning produces majority of energy.
"In any system of energy, Control is what consumes energy the most.
Time taken in stocking energy to build an energy system, adding to it the time taken in building the system will always be longer than the entire useful lifetime of the system.
No energy store holds enough energy to extract an amount of energy equal to the total energy it stores.
No system of energy can deliver sum useful energy in excess of the total energy put into constructing it.
This universal truth applies to all systems.
Energy, like time, flows from past to future".
"No system of energy can deliver sum useful energy in excess of the total energy put into constructing it." Just overwhelmingly utterly false. Stop having strong opinions please. I think you are thinking of the conservation of energy which says nothing can produce more energy than what is put into it.... which of course is very VERY different to it can never produce more energy than it took to build it. If what you said were true, that would mean no energy business could ever possibly make a profit... which is dumb.
@@Ddub1083 What humans have lived, under our outgoing Western Civilisation, is actually the best of a Communism-disguised-Capitalism system - owing to fossil fuels being traded under what's called 'supply and demand', not on the basis they are finite.
"no business could ever possibly make a profit enough to repair itself from wear and tear and caseation" - which sounds dumb to us - but true, and humans cannot prevent it, being a law of nature.
Wait is that Kumar?
Con jobs everywhere...
It's hard to believe that anyone buys into this B.S.
Bogus Carbon Offsets Drive ‘Carbon Neutral’ Claims
ESG SCAM
'Carbon Offsets', 'Net Zero', 'Carbon Neutral'
These catch-phrases are really just SCAMS
search for: All Hail the Planet, Do carbon offsets even work?
How? It would be a scam if states, properties could not protect (the already protected forests) with the money they are getting selling credits. Think of a scenario where a another corporate comes out of nowhere and offers a million bucks to cut a portion of the forest (after passing EIAs) now a state that is earning credits will have the least motivation to do so. I think carbon credits being paid to existing protected forests are important. It's just on a first come, first serve basis. Don't think we should cry about it. The way to mitigate or minimise any abuse of this is gvt control- Cap and trade; also passing laws to make it compulsory for companies to have a minimum percentage of "additionality" when they calculate carbon offsetting.
It is all a scam
How hard is it to plant seeds by the thousands a day as to offset the carbon instead of pretending to protect trees that were never in danger lol
Very hard. You need to find lands, you need to make sure those trees will survive, you need to make sure they won't be cut down in 30 years for now, you need to replant it is there a forest fire. They came with a lot of co benefits taught, but thinking we can just plant trees easily is wrong.
So what should the world do NOTHING? My problems with clowns like this dude is they NEVER offer a solution! They spend a gazillion hours on showinf us what won't work ask them what will work and it's cricket's! It's all about views for these dudes not facts!
Like we always said. The left is delusional but we where the conspiracy theorist