A Carbon Credit Scheme That Leverages Market Access Control
Here’s a carbon offsetting regime that looks similar in structure to the 1930′s-era “Conservation Reserve” program, where US farmers were awarded financial incentives by the government to put erosive lands back in grass or forest cover. Two big differences with this new one: financial backing is by a European bank that hopes to profit long term (we assume) with broker fees; and, the field projects, plantings specifically, can go forward in advance of the carbon credits being sold at global auction. Act locally, profit globally. Nice idea.
Now…enough of the complaining about indulgences, already. This is free-market conservation.
Rabobank, the Dutch bank that …
November 30 2007 08:11 pm | Environment
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