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How Carbon Trading Works

HowStuffWorks

This is a great overview article if you want to learn more about carbon trading and how it works. As frequent readers know, I am not a big proponent of these schemes because I think they are ripe for abuse and many of the “improvements” are just part of the standard process for constant economic savings. Also, as fuel prices rise, improvements become much more necessary.

It does seem likely though that some type of system is going to be implemented in the US and in other countries. So we should all learn more about these systems, their weaknesses and their strengths.

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From Wales, a box to make biofuel from car fumes

Reuters – July 19, 2007

If this works out, it is very cool. This is a double whammy – capture emissions and grow algae for the production of bio-diesel.  While the process of making bio-diesel can be quite expensive, from an energy perspective, if we can rapidly increase the growing of the raw materials then it could make a big difference.

I tend to be a little skeptical on this since it seems like there is a “revolutionary” process announced every 3-4 months.  Many of these processes make great headlines but then die away quickly as the real analysis sets in.

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Counting on Failure, Energy Chairman Floats Carbon Tax

NY Times – July 6, 2007

This may just be a time when both sides are correct!

Yes – much of the US (and the world for that matter) is deluding themselves into what it will take to make enough of a change in energy use to make any difference in carbon dioxide production.

Yes – a carbon tax would be disastrous, politically, to any politician that tried to push that kind of a tax without clear evidence of it’s dire need.

Yes – a carbon tax would radically change the way everyone uses energy.

Yes – a carbon tax would dramatically hurt the poor.

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Kyoto Destroying European Economy

Classical Values – May 13, 2007

This is an interesting analysis of the the problems in the EU due to their leadership (and lack of following) on the Kyoto Protocol.  While I am sure that many will blame the US for this problem, I actually feel that Presidents Clinton and Bush were wise in not pushing this adoption without the full participation of the 3rd world countries.

I also don’t blame the 3rd world countries for not adopting (or following) Kyoto since they are playing catch up to the industrialized world.  Why should their people starve because they were late to the party of industrializing their nation – something the European and North American countries had been doing since the mid to late 19th century.

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