What is carbon trading? | CNBC International
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- čas přidán 4. 06. 2024
- By providing economic incentives within a market-based system, many believe that carbon trading is the most effective way to fight climate change, but others argue that it will only delay society's transition away from fossil fuels. CNBC's Tom Chitty explains.
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I wish they would link the sources of information or add citations. Having a references section would be greatly useful in aiding to provide credibility.
Did you find any??
@@kshitijsehrawat9662 I did, but for my country, Mexico...
@@kshitijsehrawat9662 i also search in india.
Google is your friend. Wikipedia is your friend.
carbon dioxide is CO_2 not CO^2 (in 0:29 )
No shit madam Curie
Thank you
Yeah, we’re supposed to believe them yet they can’t even get the correct notation.
Very good and rapid summary, thanks
I appreciate that he briefly discussed criticisms of carbon trading, but the root of our environmental crisis goes much farther than economic systems can address. I can't speak to the figures, and I'd love to believe these incentives curb emissions -- but it only enables (and indeed, caters to) the same corporate greed underlying ecological destruction. I think, though, that it may be more effective to suggest a change in the way we think about the environment: away from capitalist/market interests towards genuine compassion, equity, and preservation ideals. Positioning carbon caps as a solution is almost a distraction from what's really important, suggesting (to some) that carbon capping is a fully sufficient response to emissions, and that no further action, systemic change, or ideological change is necessary.
exactly
First you have to prove that climate change is man made which their is absolutely no consensus on. Then you have to have a model which to this date every 'climate scientists' model has been slightly worse then the weatherman.
That is exactly what the monopoly elite want you to think.
Your view is exactly how the Uber wealthy corporate shell companies want you to think.
They want to capture your money by convincing you that "they" have a solution to the problem they created.
Carbon is nowhere near as dangerous as the war on carbon and the taxing on carbon.
Take that to the bank
Tom what about making a video on CBAM Carbon Border Adjustment by the EU?
thank you for the information...
As a student doing research, citations would be super helpful.
All on screen graphics do have sources in the bottom corner - but noted, thanks!
Thanks for the information Tom ;) !
how do new companies get quota? do they have to buy from someone?
Amazing Documentary ❤️❤️❤️
All of these ideas are good, what’s important is the awareness of the issues will lead to innovation in solving the climate an economy.
Klima dao
KLIMA DAO
There's nothing to solve. The problem is a hypothetical speculation based on a computer simulation.
An excellent way for the great and the good to extract profits from the system
Perfect
clear and consice information, easy to digest even for the common people.
I have so more questions than I did before. What about all the pollution by the government, police and military? Where is the proof that this is working?
Murat was here. TFS (Thanks For Sharing)
First you need to understand how to write CO2 correctly at timestamp 0:30.
How can I sell carbon credit? Is there any trading market?
Sir allow me to use this video for my class for discussion session on carbon footprint
Tq
there should be per capita carbon units for each per person born on the planet.. so there will be uniform distribution of wealth as well as control of carbon emissions
How can I help?
Yea..
I like how this video describes these systems as 'schemes'. Very accurate but not in the way they intended.
That's the way the UK and Australia describe their government programs, it's funny when you hear it from the U.S.
Teachers make lesson plans and schemes of work. According to your narrow definition of "scheme", teachers are schemers. Lol
I wonder if this will be the bull run of the future. Similar to what GME or Crypto is right now.
Klima dao
Good development company with safe operations
Awesome~~^^🎉🎉
And check out their super cool plan for the individual carbon credit thought up by BP in the 90's !!
I think investing in more renewable energy would be one of the more effective way to reduce carbon emissions. Trading permits doesn't necessarily reduce the amount of pollutants in the atmosphere because one company emits less and another company emits excess by just paying at a cost. The 500ppm for example company A doesn't emit company B emits it in excess which doesn't reduce emissions in the environment. Ty
So instead of fines...they give money :)) what a time to be alive
This is fkn wild 😤💆♂️🤦♂️ they own air now
DOV coin is tokenizing carbon iffset credits. Going to be huge
0:00-2:12
Nice video.
This would be an excellent solution for blockchain and or crypto to adopt
regen network my friend
so Im confused - does this mean we can reduce our carbon footprint and pollution, BUT ONLY IF WE CAN AFFORD IT???!!!!
It means you can keep polluting if you can afford it. Hence why EU plans to gradually increase the price
@Marc Aussie it'd be like paying more, to downgrade, or paying less to upgrade.. Which prefer? If less is more the more is less. Sounds like an even-out. Maybe the trees will stop dropping heavy branches on us and trying to flatten us,.
@@marc_aussie So the government, corporations and military will continue to pollute as the largest polluters in the world but a family in rural areas won't be able to afford to drive to the grocery store?
Thanks Tom Chitty Chitty Bang Bang
A revenue from carbon trading should use for environment project.
Nope. That revenue goes straight into the pockets of people who came up with such a stupid idea.
How many trees has to be cut down to install the solar panels?
Too many, unfortunately
@Cole S one drop?
Trees absorb Carb
Smoking is not healthy.
Quitting Smoking is hard.
It is possible when you will it happens.
just set your mindset to: "I am stronger than smoking."
so simple and yet helpful
it helped me and few of my friends :)
So I can plant a bunch of trees and then sell credits? Please make a video on exactly how one can sell credits, like who determines that my trees are worth X$s of credit and what is the exchange I can sell it on ?
It’ll probably cost more to maintain the trees though.
you need land. they value carbon credit reduction by acre of land as well as the crops and methods used to grow the crops.
planting trees isn't the only way to get carbon credits.
I believe what you are referring to is a carbon offset system which is totally different from what is described here i.e. a cap and trade system.
So when Bill Gates flies from USA to Europe he offsets his carbon footprint by buying carbon offsets which is most likely purchased from reforestation of a degraded land system. This system has its own regulations and auditors - so when you plant your trees they need to be assessed by a registered independent authority who establishes a base line for the project.
Philippines should adapt carbon trading and other climate change mitigation system and market
Thanks for the updates please 🙏 RAVINDER TALWAR JALANDHAR CITY PUNJAB INDIA 🙏
How can do earn with carbon trade
1
❤
Project:DECA
You buy my cloud ☁️
✅🍊
It would be great idea only a short period of time but in the long run it promotes more CO2 emissions
Not if the price gets high enough
@@marc_aussie for who? the corporations, government and military or for a family with a garden?
So it’s kind of like when the rich used to give money to the church to get into heaven 550 years ago no matter what they did? And the poor were punished because they didn’t have to money or wealth to “buy” forgiveness.
It doesn't even sound great in theory. If one company sells their excess quota. Another one may buy it thus the amount of emissions are the same only source is changing. Also it may be much more expensive to reduce carbon emissions that just buying others quotas.
the idea is to reduce that total quota available over time. so yeah at the start it doesn't do much but as the quota is reduced further the carbon price will become higher and higher until the alternative greener way becomes more cost effective
@@lucaskp16 and what are developing countries supposed to do? Just keel over and die for rich countries?
The cap and trade helps reduce carbon emissions through quantity, therefore, the rate of change probably control by each individual country, or international groups of country. In theory, the ceiling function would be like f(x)= a(x*whatever) & a < 0. So, I think it's a incredible way for the scientist and environmentalist to set the input. Practically, the rich always find their way to cheat, either through carbon tax, cap and trade.
No. Not exactly. There has been a net movement of funds from polluter to a company investing in either greener sources of energy or they implement efficiencies so they don't need their full quota. There is also a new incentive for the polluter to reduce emissions as it is now costing them more to pollute.
Sounds like a lot of fraud
Energy Web & Grid Singularity ⚡️
#Cryptocurrency & Decentralized ID’s
About as good as recycling at actually helping the planet
and they aim to capture billions of tons
We're polluters?
that's good
By providing economic incentives within a market-based system, many believe that carbon trading is the most effective way to fight climate change, but others argue that it will only delay society's transition away from fossil fuels. CNBC's Tom Chitty explains.
Klima dao
Send me a copy of the presentation
🏆🌽
Hmmm another loophole that I see is now science has confirmed that LNG/gas is not actually better than coal. This is determined through "full lifecycle emissions" and the way LNG competes in the market, which unfortunately is against renewable energy options.
Carbon Capture coming in a bigger way
ah yes it's tom schitty again.
Dilma on UN? Very old footage
Stupid fight to begin with...
Who sets the emissions caps on the polluters? It needs to be done without political or business interference and I am really skeptical about that. For example, giving a carbon allowance to countries with actual low per capita emission is a way for other countries to buy fictitious allowances. The low emission country would argue they have "the right" to have their caps in line with industrialised countries. None of which helps the planet in the long run.
Using blockchain technology
Carbon credits are going to be a mew form of corporation tax & force business abroad & cause unemployment in capital intensive industries (that employ mainly poor people)
The W.E.F, aka deep govertment ( with Klaus Schawb as the head of this " hydra " ) already has the idea to " solve " your problems :
1. CBDC ( Central Bank Digital Currencies ) and no more paper money.
2. Fourth Industrial Revolution ( with A.I )
3. Universal wages. ( No matter which countries )
4. And carbon credits score ( using E.S.G in stocks market )
The greatest communism you will ever seen in the future and worst than current comunism , with digital control. Bye Bye , capitalism and democracy.
Look, if you let me keep my gaming PC (I use 100% renewable energy by choice of my electricity provider), I will be FOR all of that.
Another word - TAX
It's different from a tax.
Companies that cut their emissions BELOW the necessary levels get financial advantages here - so there is a bigger incentive to making those cuts.
Failure to reduce emissions is associated with a cost, but it's not a one-way relationship. The taxman--> will become a
Reducing CO2 is anti green. Think..
Fancy term for still allowing Carbon emissions, India, Brazil invested heavily under Kyoto protocol to reduce emissions with costlier technologies rather than development friendly fossil fuel now they say carbon credits earned earlier Kyoto regime it won't be counted under new Paris regime.
Well India is just Investing...And 90% of them are still not Operational.... That's why India has the Highest number of Polluted Cities in the World...Also India is building more and more refineries to boost Oil Industry....So Don't brag....India is still much behind.....
have you taken time to research the volume of carbon dioxide in the total atmosphere of the Earth. It takes about 2 and 1/2 minutes to get that number or would you like me to do that for you and show you the link but you'll have to be able to push the button I can't do that from my point and then you'll have to understand what it means to get the full impact after total brainwashing that is causing you not to be aware as a real danger that's been done to us so I'll try and if you possibly can understand we don't have much time left at all so if you can understand what this will tell you please spread it to as many people as possible as the elite are trying to do something very terrible to all of us since 1971
www.atmo.arizona.edu/students/courselinks/fall15/atmo336s2/lectures/sec1/composition.html
our total green house gasses is 0.04 of 1% this is the total amount that every plant on earth relies on to support all plant life ..
and our green house is not very green anymore as most all Ocean Sea algae has already died causing our oxygen level to drop from 23% down to 19.5% is all the oxygen we have left I want to drop down to 18 we all pass out am I get down to Seventeen point five percent we're fucking suffocated to death now the stupid bastards want to cut what we have left of carbon dioxide down to 55% that will kill every fucking God damn plant on the whole goddamn fucking planet not very fucking smart don't you think
we have 0.04% CO2 total by volume left in the atmosphere that every plant on Earth relies on two breeds for life if they don't breathe they die like animals do but in a different way is it your hope that we kill every plant on the Earth because when the European Union cuts the present number in half there will not be enough carbon dioxide left for anyting plant the living breathe now we have dropped it down to this level it was much higher when everything was green but we're getting to Green anymore we're getting pretty brown and dead shot from space all the Sea algae is dead already do you know what that means does anybody know what that means no nobody has a fucking clue what that means so I'll explain it to at least you before all is stupid ETA ship started back in 1971 Earth had 23% oxygen in the atmosphere now we're down to 19.5 because there's not enough goddamn fucking plants giving off oxygen for us to breathe is because we don't have enough God damn it. You just left to stay alive hardly when you kill off all the packing plants there's nothing left to do but watch each other right away I'm getting goddamn sick and tired of hearing this fucking stupid bull fucking shit
@@DhrubajyotiRaja01 true
@@DhrubajyotiRaja01 dude India per capita emission is well below global average. The Indians are not responsible for pollution. The other half of global population in the west are the major polluters.
if gold, silver, palladium, platinum, copper, and many other elements trade as commodities or through derivatives (futures), then carbon should too.
There is no model that can ascertain agreed context terms nor a guesstimate on the 'science' part of climate change.
money 💰 Carbon
I genuinely thought people cared about the Earth until I heard about carbon credits. People has learned how to make money out of saving the Earth.
People already made money by killing other people. Why couldn't they do the same with the planet?
@@92kosta military industrial complex!
It's called economic incentives. If a company can save money by acting in a way that reduces both their costs and reduces emissions into the environment then regardless of whether the corporation cares about the environment, it still achieves the environmental outcome.
Lol.the rich are polluting but blaming it on all
USA china
*No 1: Don't Only Hope On Government For Income,*
*No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,*
*No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.*
*It's 100% Good To Have Different Ways To Gain Income*
*Because Government have failed us so therefore let's try and survive*
Yes ! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain
Exactly I'm also happy to start investing too than to have my money sleeping in bank
Stocks are good but we have to make the right plans
Yes Stocks are good but they are alot of businesses more convenient than stocks
That’s the fact well I only invested in stocks and will love to know a better investment too
♥️🥕
It's a scam
he is not easy to understand
FRAUDDDDDDDDDDD
Fancy way of making money
Carbon trading is a legally run boiler room....
I heard this sentiment one too many times
POV your teacher made you watch dis
if we can capture co2..
modify it into methane, oxygen and water..
come on billionaires.. we need that in every city..
we should reduce oil as well..
hydrogen and methane seems promising..
we can use cassava roots to reduce plastic bags..
Methane is a greenhouse gas, at least 30 times more dangerous as CO2.
Klima dao
What a scam !!!!😆
JAJAJAJAJAJ. WHAT A FKN FRAUDDDDDD
Well we know that we cannot shut down industries so carbon credits can play an important role in this:
1. It will allow poor countries to earn by setting up a setup of reducing carbon like by growing trees etc that will reduce that amount of carbon which a specific industry may produce so that industry will pay that country/person for this.
2. Gradually rates of carbon credits will increase as industries are making damage and environment is detiorating so they will try to shift to green solutions.
what about China?
This is just a way for the rich to get richer and keep the regular people working.
I think my generation downplays the power of government organization! Sure it takes decades for laws to change but once the law manifests into the physical plane, rapid change takes place!
more lies as they dont exist
Ponzi scheme.
It starts with common sense. Turn the light off when you leave a room. Recycle metals. Use reusable bottles. Food shop at farmers markets. Compost your food waste. Use logistical common sense when you run errands to put less miles on your car.
mean while the military is testing their bombs, operating daily with what thousands of people could not create in their life times. The government, corporations and military will continue to pollute while families pay for carbon credits. Pollution will not stop because people recycle and reuse bottle or drive less. People are not the problem it is the governments and corporations.
a scam
Funny seeing how conniving rich people think they can screw over other conniving rich people
it is a scam
So in other words, it's a scam. A super brain behind this, for sure!
Yup
Ah communism.
It's a scam