This blog has long raised questions about carbon offsets. And now the New York Times is ruminating over them, too—in particular, over the amounts of money that airline passengers pay to “offset” their use of jet fuel. Some airlines (such as Air Canada and KLM) allow you to get rid of travel guilt by paying…
Tag: carbon offsets
The New Trade in Non-Production (of Carbon)
The pressure to “do something” about global warming has created exotic new programs that emphasize reducing output. You might think of them as markets in non-production. I will explain them. Carbon offsets. Companies that produce or use fossil fuels are trying to reduce their “carbon footprint” but still continue their business. They are purchasing “offsets”—that…
The Fantastical World of Carbon Offsets
In a tongue-in-cheek article in RealClearEnergy, Steve Milloy observes that Norway has figured out how to reduce carbon-dioxide emissions while still building up its oil and gas production by 40 percent, providing a lesson for the rest of the world. Norway is buying “carbon offsets” in the African country of Gabon, paying the Gabonese to…