{"id":228418,"date":"2022-11-10T15:12:48","date_gmt":"2022-11-10T14:12:48","guid":{"rendered":"https:\/\/climatescience.press\/?p=228418"},"modified":"2022-11-10T15:12:50","modified_gmt":"2022-11-10T14:12:50","slug":"cnn-is-right-carbon-credits-wont-reduce-emissions","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=228418","title":{"rendered":"CNN Is Right, Carbon Credits Won\u2019t Reduce Emissions"},"content":{"rendered":"\n
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A recent article by CNN describes U.S. climate \u201cczar\u201d John Kerry\u2019s latest plan to use carbon credits to raise enough money to help developing nations recover from alleged climate change impacts, as well as fund the development of renewable energy projects in \u201cvulnerable\u201d nations. His plan is wrong on multiple levels. Even if carbon emissions were a problem, as CNN points out, carbon credit programs are at best examples of \u201cgreenwashing,\u201d that don\u2019t actually reduce emissions. What\u2019s worse, they also act as a regressive tax on those who can least afford it.<\/p>\n\n\n\n

In the article, \u201cKerry announces \u2013 and is immediately criticized for \u2013 a new plan to raise money for climate action<\/a>,\u201d CNN reports that Kerry, appointed by President Joe Biden as the first United States special presidential envoy for climate, is pushing carbon credit schemes at the COP27 climate conference in Egypt this week. A team of 5 CNN writers contributed to the article. They write that Kerry announced a \u201cnew, controversial\u201d plan for helping to fund renewables projects in developing countries, which is to institute a carbon credit program for companies to trade in.<\/p>\n\n\n\n

The plan has not been received particularly well. Critics say the idea will not actually lead to reduced emissions. CNN writes, \u201cthe plan has already attracted criticism because of the way it will be financed \u2013 with money raised in sales of carbon credits, which allow companies to pay for someone else to cut their planet-warming emissions, instead of cutting their own.\u201d<\/p>\n\n\n\n

CNN goes on to explain that carbon offsets and credit programs are forms of shifting the responsibility that could, as United Nations Secretary-General Antonio Guterres put it, \u201cundermine genuine emission reduction efforts.\u201d<\/p>\n\n\n\n

CNN and Guterres are right to raise this issue, because companies and governments have historically cynically taken advantage of similar schemes. For example, as discussed in the Climate Realism<\/em> post \u201cDelta Airlines Makes False, Greenwashing Claim about Becoming \u2018Carbon Neutral\u2019<\/a>, Delta attempted to \u201cgreenwash\u201d their aviation emissions. Delta promised to offset emissions from jet exhaust and other operational emissions \u201cthrough carbon offset project investments that maintain, protect and expand forests.\u201d<\/p>\n\n\n\n

The problem is that jet emissions are produced now, and Delta\u2019s carbon offsets were little more than IOUs that promised to plant trees that may sequester some CO2 sometime in the future. To those truly worried about current emissions, the offset \u201csolution\u201d doesn\u2019t functionally stop contributions to current warming.<\/p>\n\n\n\n

At a larger scale, and specifically for carbon credits<\/em>, the \u201cJoint Implementation\u201d scheme of the Kyoto Protocol, a carbon trade program implemented by the United Nations, was quickly revealed to be detrimental to actual emission reductions. Under the scheme countries generated \u201cEmission Reduction Units\u201d (ERUs) from projects that purported to limit greenhouse gas emissions or even removed carbon dioxide from the atmosphere, selling the ERUs to other countries.<\/p>\n\n\n\n

The Stockholm Environmental Institute<\/a> found that certain countries, especially Ukraine and Russia, were generating false ERUs by ramping up emissions-causing activities, then \u201creducing\u201d them back to original levels, and selling the ERUs to Europe\u2019s carbon market. The report also \u201cfound that about 80 percent of ERUs issued came from project types of low or questionable environmental integrity.\u201d<\/p>\n\n\n\n

Carbon pricing schemes, including carbon offsets, credits, and cap-and-trade, are not new ideas, nor have they worked as intended where they have been implemented. They also tend to have the effect of increasing energy costs, which is often an anticipated result. Tim Benson, policy analyst at The Heartland Institute, broke down some of the effects<\/a> of these kinds of programs after they were implemented in the United States, including in California, and northeastern states that make up the Regional Greenhouse Gas Initiative (RGGI).<\/p>\n\n\n\n

\u201cAccording to the U.S. Energy Information Administration, retail electricity prices in the 11 RGGI states and California are currently\u00a040 percent higher<\/a>\u00a0than the U.S. average, \u201cwrites Benson.<\/p>\n\n\n\n

He also points out that RGGI states also saw a 12 percent drop<\/a> in the production of goods, a 34 percent drop in energy-intensive goods manufacturing, and a 64 percent increase in electricity costs after implementing cap-and-trade.<\/p>\n\n\n\n

Plans like the one proposed by Kerry have proven ineffective at reducing greenhouse gas emissions. In multiple instances, they have proven to be nothing more than a fraud. In all instances, however, they have resulted in higher energy prices, placing undue burden on lower income countries and citizens. CNN focused on the former point, that carbon emissions are not effectively reduced by these schemes, but ignored the latter, neglecting to explain that they also raise the cost of energy for the public.<\/p>\n\n\n\n

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Linnea Lueken<\/a><\/p>\n\n\n\n

https:\/\/www.heartland.org\/about-us\/who-we-are\/linnea-lueken<\/a><\/p>\n\n\n\n

Linnea Lueken is a Research Fellow with the Arthur B. Robinson Center on Climate and Environmental Policy. While she was an intern with The Heartland Institute in 2018, she co-authored a Heartland Institute Policy Brief “Debunking Four Persistent Myths About Hydraulic Fracturing.”<\/p>\n\n\n\n

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The post\u00a0CNN Is Right, Carbon Credits Won\u2019t Reduce Emissions<\/a>\u00a0appeared first on\u00a0ClimateRealism<\/a>.<\/mark><\/em><\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

via ClimateRealism<\/mark><\/em><\/strong><\/p>\n\n\n\n

November 10, 2022, By Linnea Lueken<\/a><\/p>\n\n\n\n

CNN Is Right, Carbon Credits Won\u2019t Reduce Emissions – ClimateRealism<\/a><\/p>\n\n\n\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A recent article by CNN describes U.S. climate \u201cczar\u201d John Kerry\u2019s latest plan to use carbon credits to raise enough money to help developing nations recover from alleged climate change impacts, as well as fund the development of renewable energy projects in \u201cvulnerable\u201d nations. <\/p>\n","protected":false},"author":121246920,"featured_media":228420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-228418","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","9":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0scam-g733e04ae0_1920.jpg?fit=1920%2C1440&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-Xqa","jetpack-related-posts":[{"id":228381,"url":"https:\/\/climatescience.press\/?p=228381","url_meta":{"origin":228418,"position":0},"title":"John Kerry Accused of Proposing US Companies Buy Their Way Out of Climate Action","author":"uwe.roland.gross","date":"10\/11\/2022","format":false,"excerpt":"A scheme for permanent impoverishment of poor countries? US companies pay poor countries to stay poor?","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0John-Kerry-Shaking-Hands-with-Maduro-With-Wanted-Poster.webp?fit=800%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0John-Kerry-Shaking-Hands-with-Maduro-With-Wanted-Poster.webp?fit=800%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0John-Kerry-Shaking-Hands-with-Maduro-With-Wanted-Poster.webp?fit=800%2C400&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0John-Kerry-Shaking-Hands-with-Maduro-With-Wanted-Poster.webp?fit=800%2C400&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":297517,"url":"https:\/\/climatescience.press\/?p=297517","url_meta":{"origin":228418,"position":1},"title":"\u201cClimate Envoy\u201d John Kerry resigns","author":"uwe.roland.gross","date":"20\/01\/2024","format":false,"excerpt":"White House climate \u201cSpecial Envoy,\u201d John Kerry, announced last week he is resigning his White House climate position to join President Biden\u2019s campaign for re-election.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/065a356a2915493.33119656.webp?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/065a356a2915493.33119656.webp?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/065a356a2915493.33119656.webp?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/065a356a2915493.33119656.webp?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/065a356a2915493.33119656.webp?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":297685,"url":"https:\/\/climatescience.press\/?p=297685","url_meta":{"origin":228418,"position":2},"title":"Right, Wall Street Journal, John Kerry Did Fail to Persuade China to Give Up Reliable Energy","author":"uwe.roland.gross","date":"21\/01\/2024","format":false,"excerpt":"The\u00a0Wall Street Journal (WSJ)\u00a0ran an article noting that despite John Kerry\u2019s failure as President Joe Biden\u2019s climate envoy to get China to curb its coal use in order to save the world from climate change, Kerry is now being brought over to Biden\u2019s reelection campaign. 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