Of course not! When the price for carbon Offsets rises, like it has been doing for the past months, it brings more projects to the market. We expect to be able to invest in more diverse projects now that the price is higher because new environmental projects will become more financially feasible.
The sentiment that I saw most often from speakers at the Heartland Conference was that Global Climate Change was happening, but not significantly due to human caused CO2. This was not a surprise, as the catch line of the conference was global warming is “Not a Crisis.”
I was flabbergasted to hear the steady criticism of a free market system for addressing climate change, yet the frequent advocacy for a carbon tax. The reasoning throughout the conference went like this:
Most people attending were Libertarians, Republicans and Moderate Democrats–the ones who most often get behind a free market…but why the conclusion that a carbon tax is in order?
I heard a lot about “internalizing externalities,” with a “revenue neutral carbon tax” but never once “supply and demand,” “allocation” or “price signal.” How can you really talk about economics and never say these terms? Is cap-and-trade that hard to understand? Price for pollution = innovation, allocation, & less CO2/greenhouse gas.
This weekend I am attending the Heartland Conference on Climate Change in New York. This is a gathering of scientists and policy makers that dispute the threat of Global warming.
I am attending as a sponsored attendee–They have waived the registration fee and paid for my airfare too attend.
So why would someone who sells Carbon Offsets be invited to a gathering like this? Lets just say I am interested to find out. I will report what I learn about climate change and the raging debate right here in the Blog.
I intend to learn something from this conference. Whether I agree or disagree with the co-attendees, I am confident that this is a group of people who value the truth.