May 28, 2008

Coming Soon: Carbon Underground

A U.K. government sub-committee has a new proposal to reduce emissions.

"The influential Environmental Audit Committee says a personal carbon trading scheme is the best and fairest way of cutting Britain's CO2 emissions without penalising the poor.
Under the scheme, everyone would be given an annual carbon allowance to use when buying oil, gas, electricity and flights.
Anyone who exceeds their entitlement would have to buy top-up credits from individuals who haven't used up their allowance."    (More...)


To protect citizens against rising food costs, food ration cards for the poor were suggested in Russia just two weeks ago. The recommendation was sent back to the committee for more review as present-day paradigms of ration strategies were criticized as inefficient.

Experts point to the cost and bureaucracy involved to administer such a plan as primary flaws, but I see the potential for something worse: black market carbon trading and carbon credit identity theft. In 1941, rations were introduced to help manage the economy during WWII and the black market for unused ration coupons flourished.

Diabolical thinkers are probably already conjuring plans to control the worldwide supply of carbon credits.

Control carbon credits,

Control the world!

(insert evil laugh here)

What effect will the carbon credit underground have on Chicago's Climate Exchange (CCX), the world's first legitimate emission exchange?

Today's Climate Consideration: Isn't one who supports the carbon offset industry really a pro-polluter?

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