The notion that carbon credits don't help reduce emissions, as suggested by headlines like that below (from an article from the Wall Street Journal article*), only serves to obscure the amazing work carbon credit programs can do.
Yes, it is it is. But, the tiny voluntary tax that's carbon credits has not had a major effect on the conduct of major emitters, particularly when compared with the profits made from producing fossil fuels. It is likely that more affordable renewable energy sources will eventually have a greater effect on reducing our dependence on fossil fuels than taxes.
Our emissions today are a major issue. To understand the importance carbon credits however, we must move beyond the income Statement and look at our Balance Sheet. Particularly, our Long Term carbon debt.
If Planet Earth maintained a Balancesheet and we were required to report our basic requirements, like food availability, water security, physical security, etc., and our Long Team entry for debts, including our total debt and extreme levels in soil organic carbon depletion from farms, and the staggering degrading of mangrove coastal carbon storage areas It would be clear that the current situation was not caused by the emissions of a single year.
This is the reason why I believe any headline that includes offsets for carbon or a decrease in emissions is misleading. The problems that we're seeing with climate change don't have to be due to carbon emissions. It can also be the result of years (centuries) of inefficient farming practices. poor farming practices, mangrove removal pollution, as well as other wrongdoings are all part of the problem.
What is the extent of the extent of the damage? Around 50 to 65% worldwide's mangrove forests are gone, or destroyed. A lot of farms across the globe have lost up to 80 percent soil organic carbon, threatening food security.
This is why we must change our perspective away from the "triple-bottom line" to the accrued interest on the balance Check out the post right here sheets. Instead of being a tax on our emissions today, think about carbon credits as an adjustment item to the balance sheet. Carbon credit can be used to reduce (carbon-related) the amount of debt.
How can we reduce the amount of debt?
It's not hard to find the answers. Here's an illustration. CarbonNation Blue is a CarbonNation fund. The fund's mission is one easy, yet efficient goal is to protect and restore mangroves. Mangrove forests require significant funding in order to scale. For example one hectare of mangrove forest that requires replanting would require between USD2,500 and US4,500 per hectare. Additionally, it will require three years of careful cultivation by the local communities.
It is also necessary to provide more efficient algae-based fisheries for the nearby area so that any phosphorus and nitrogen wastes can be eliminated and the quality of the produce can be enhanced.
Once this time has passed After this time, carbon credits are created. Carbon credits can be used to repay of principal , as in return for capital to investors. This also includes the community as the first investors in the initial stage. The benefits are more than only financial rewards. The mangrove canopy is growing, leading to greater fish. Mangroves are a breeding ground for fish and provide the income that is important for numerous coastal communities.
Mangroves that are more dense offer protection against erosion of the coast and rising tides. As most people already know mangroves have a 50x higher carbon sequestration rate than low density forests. Yes, the machines that extract carbon from the atmosphere and then store it in the ground are futuristic-looking. Mangroves have been doing this for thousands of years and provide us food.
The Fund has received significant financial support and partnerships to fund its work. Partners are encouraged to connect.
This article is well written and well researched. My problem is the headline, which is negative and misleading. It is based on the article text and may have been altered or added to by the editor.