That's why you need good auditing and oversight. Not clear that it's present here, but I do believe that properly taxing carbon emissions and using the revenue to subsidize carbon reduction is the best way to minimize the impact of climate change quickly.LTLFTcomposite wrote: ↑Wed Nov 13, 2019 4:21 pmBut can what they collect for the offset actually buy enough solar production to displace the massive carbon emissions from the jet travel? I'd like to see the math on that.
Looks like the power companies are switching to renewable-gas turbine hybrid plants anyway just on economics. Didn't we hear a while back that transportation has surpassed electricity generation in carbon emissions?
I'd bet on the pocket-lining outcome, certainly skimming a large percentage. Never one to believe in indulgences anyway.
Granted, power companies are switching to lower carbon emissions fuels, but the question is "over what timeframe?" If you want to accelerate the switch (and we do), you have to subsidize it.
A quick google search shows that NY to London is 1301 pounds of CO2.
https://travelnav.com/emissions-from-lo ... ew-york-ny
Utility solar is $40-$46/MWh
https://www.usatoday.com/story/news/201 ... 277637001/
Coal produces ~2000 pounds of CO2 per MWh (2lbs per kWh).
https://carbonpositivelife.com/co2-per- ... ectricity/
The round trip is 2602 pounds of CO2, or 1.3 MWh equivalent of solar production ($52).
That's a dramatic overestimate of what a CO2 offset would cost. Why? Because it assumes the electricity from coal is free (hint: it's not). For an offset, all you really need is to pay someone to switch from coal to solar. Because coal and the maintenance of the coal power plant costs money, you'll actually have to pay them less than the full cost to switch to solar.
In short: It wouldn't cost THAT much money to actually make significant improvements. We've ignored the problem for so long that there are tons of areas where we can optimize CO2 production. If a significant tax was levied on carbon production, you'd see the global economy switch quite quickly.