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Comment by hedgedoops2 | Hacker News Reader

Or perhaps we could allow obtaining of some carbon credits through carbon capture / sequestration, and tighten the emissions cap. For 4% of global GDP you could stop/compensate global co2 emissions based on current carbon capture technology's prices per ton of co2 removed. [1] If there were a business case for CCS, the cost would come further down. Currently there is no profit in it.

One would need to restrict the allowed methods to safe and scalable ones (like extraction from seawater, not ocean seeding).

[1] https://m.youtube.com/watch?v=GmWpFCjh0Fk for prices and methods + https://www.mcc-berlin.net/fileadmin/data/clock/carbon_clock... + simplistic back of envelope calculation (assumes cost scales up linearly)

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Sorry, i dont think that is a good idea.

Its like telling me that its ok if a company shits in my garden and then donates some money to the public cleaning fund.

I dont want to have trash in my garden or deal with shit from companies.

We are actively trashing this planet for younger generations. To feel good we say, no problem to companies if they donate some money to charities or organizations which do some cleanup.

Why allow companies to pollute in first place ?

Oh wait, because of lobbies.

Never Mind.

Carbon credits are a mechanism by which excessive pollution is supposedly legitimized by other actions. It's a rather nefarious scheme IMHO. We should treat the activities of governments, companies and other organizations in a disaggregated fashion: Pumping out CO_2 and other pollutants into the air should be penalized, and engaging in CO_2-and-methane-sequestering activity (e.g. forestation) should be encouraged, independently of one another.

> Or perhaps we could allow obtaining of some carbon credits through carbon capture / sequestration,

Except companies will go for the cheapest possible solution that “counts” for carbon credits, which is probably entirely fraudulent.

So don't have those fraudulent solutions?

See off-shore accounting and special tax jurisdictions, for a solid track record on Humans not having fradulent solutions (specially when profit is at stake).

Carbon credits are a joke. Its basically "so I'm clean over here which means I can be dirty over there! Profit!"

Carbon credits are like paying someone else to not commit adultery so that you can commit adultery guilt-free.

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