The short video below is a thinly-veiled critique of carbon markets, their ridiculousness and the lobbying that seems to be taking place against nature based solutions. To do this, use an analogy from the banking sector, followed by some observations on carbon markets, carbon prices and carbon offsets.
The analogy is that if bank debt were like carbon markets, you would never be allowed to re-pay the debt; you would simply be forced to borrow less money every year under a cap-and-trade system, following a byzantine set of rules; until eventually you gave up and went to do business with a different bank.
Conversely, if carbon markets worked like the modern banking industry, using nature based solutions to re-pay the ‘debts’ of carbon emissions, then the world could likely find a genuine, low-cost and verifiable route towards net zero.
Referenced in the video are our latest views on inflation-risks due to energy transition policies, the world-changing potential of nature based carbon offsets, a re-thinking of carbon prices, and hopes for better carbon labelling. Please see below for further details of each one.