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Legacy of a Nobel Laureate

Al Gore's "carbon credits" scheme in action.

Yes, even this BBC News article refers to it as a "scheme."

It's just another way for entrenched industry to buy their way out of making real changes, and for clever entrepreneurs working through third-world countries to get money for nothing.

I'd be interested in seeing an investigation tracking the ties between the "developing" industries selling the carbon credits and the existing industries buying the credits. How likely is it, do you suppose, that somewhere at the top of the ladder (or at the bottom of the barrel, depending on how you look at it) the same fingers are meddling in both pies? Pass the cash from one hand to the other and take your cut out somewhere in the middle.

"Scheme" is a mispronunciation. "Scam" is more to the point.


( 1 comment — Leave a comment )
Jun. 5th, 2008 04:12 pm (UTC)
Typical problem with most of thse initiatives.
Great idea, lousy exectuing and stinky control.
There are lots of tales where the funds are not used as intended.
The article though puts emphasis on the "would have been done anyway" aspect. And I see a problem there. One of the big chemical plants in Belgium is buying credist in South America. The money is used to invest in small scale wind, water and bio-fuels powerplants, those were being planned and would eventually be set up anyway. But it's not wasted investment cause the extra funds means those projects are better researched and executed and become opperational years earlier than they would be without.

So yes there is lots of scaming but also a bit of scheming.
( 1 comment — Leave a comment )

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