Last Updated Thursday, December 5, 2019 11:32AM EST
Economists say that carbon markets like the one Otterpohl uses can become a powerful tool in the fight against climate change, by giving emitters a financial incentive to reduce greenhouse gases. But despite making progress in other areas, governments have for years been unable to agree on the rules that would allow truly global trade in carbon permits to flourish.
Many governments are struggling to make the emissions cuts necessary to meet the Paris accord's goal of keeping global temperatures from rising more than 1.5 degrees Celsius by the end of the century. Brazil has long pushed back against some of the stricter accounting rules demanded by the EU and the United States. The Latin American nation, criticized by environmentalists for failing to properly protect the Amazon rainforest, also insists that it should be allowed to keep vast amounts of carbon credits amassed under a now-discredited system, a stance shared by China and India.
What a joke China, Russia and India will never commit to this nonsense!
ClimateChangeHoax
Paper pushing government Bureaucracies dealing with silly and useless carbon credits/taxes. The problem is over population and over development. Are people really that stupid thinking imaginary carbon paper credits is a solution to an extremely dangerous environmental problem?
Screw the elitists and their fake carbon tax! It’s just to line the pockets so they can do everything they want! TrudeauMustGoToJail TrudeauWorstPM
China ,india.
It’s all about $$$$$.
I thought they are broke? How are they paying for it?
Just a money grab .👎🤠🦌
Ah global. Soon we will have municipal, provincial, federal and global taxes. Just carpet bomb everything and everyone, keep a few to repopulate and start again. That might be easier.
You misspelled “communism”