In a well-functioning emissions trading scheme, polluters would have to submit credits in order to be allowed to pollute, and they would purchase credits from those who cleaned up their pollution. So if the cost of cleaning was higher than the cost of reducing pollution in the first place then they'd choose to reduce emissions. Either way the atmosphere would not receive any more greenhouse gasses and purchasers of carbon credits could rightly call themselves "greenhouse gas neutral".
However, that's not what's happening. Many people assert (e.g: click here to see an example) that if a polluter reduces their pollution then they should receive credits for the extent of their pollution reduction. They also assert that purchasers of their credits can claim to be "greenhouse gas neutral". They are wrong.
There are many ways to explain why they are wrong. You could use stories, mathematics, graphs or even children's blocks. Let's use the latter.
Blocks below represent levels of greenhouse gas in the atmosphere and levels planned to be emitted by two polluters.
![](data:image/png;base64,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)
Then polluter 2 opts to no longer pollute and is awarded carbon credits. Polluter 1 purchases those credits and is allowed to pollute. The result is more greenhouse gas in the atmosphere, as shown below. Polluter 1 clearly cannot claim to be "greenhouse gas neutral".
![](data:image/png;base64,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)
So, what kinds of credits can confer greenhouse gas neutrality on a purchaser? Let's reach for the blocks again. In this case, we have the atmosphere, a potential polluter and someone who will take greenhouse gas from the atmosphere (maybe using new trees, a scrubber, or perhaps by seeding the ocean with iron to promote plankton); a sequesterer.
![](data:image/png;base64,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)
The sequesterer receives carbon credits for removing greenhouse gasses from the atmosphere. They are purchased by the polluter, who then goes ahead and pollutes, but the amount of pollution is exactly equal to the amount of sequestration and so the result is shown below:
![](data:image/png;base64,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)
Clearly, the atmosphere gains no new greenhouse gas and the polluter can now claim to be greenhouse gas neutral.
But wait, there's more! Suppose there is no polluter, and a rich benefactor who cares about the environment or a government decides to purchase credits from the sequesterer and immediately destroy them. Before the transaction the blocks look like this:
![](data:image/png;base64,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)
and after the transaction they look like this:
![](data:image/png;base64,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)
That's right, an ETS that awards credits for sale only to those who clean greenhouse gasses from the atmosphere encourages activity that can reduce atmospheric levels of greenhouse gas if credit purchasers choose not to pollute.
This may seem obvious to you, and it is, but I have had so many arguments with people who can't see it that I thought illustrating the logic with blocks might help.
Here's the killer: It is generally much cheaper to do nothing than to extract greenhouse gasses from the atmosphere. If we award people carbon credits for simply reducing outputs of greenhouse gas, we effectively pay them for nothing, and it takes much longer for emissions trading schemes to work because few will engage in activities that extract greenhouse gasses from the atmosphere.
So next time someone says that they are "greenhouse gas neutral" because they purchased credits from a power company that got credits for installing a wind farm, or from someone who opted not to clear a patch of rain forest, let them know that they are kidding themselves. We'll all benefit if you do because our emissions trading systems will be much more effective if they properly reward greenhouse gas neutrality.
However, that's not what's happening. Many people assert (e.g: click here to see an example) that if a polluter reduces their pollution then they should receive credits for the extent of their pollution reduction. They also assert that purchasers of their credits can claim to be "greenhouse gas neutral". They are wrong.
There are many ways to explain why they are wrong. You could use stories, mathematics, graphs or even children's blocks. Let's use the latter.
Blocks below represent levels of greenhouse gas in the atmosphere and levels planned to be emitted by two polluters.
Then polluter 2 opts to no longer pollute and is awarded carbon credits. Polluter 1 purchases those credits and is allowed to pollute. The result is more greenhouse gas in the atmosphere, as shown below. Polluter 1 clearly cannot claim to be "greenhouse gas neutral".
So, what kinds of credits can confer greenhouse gas neutrality on a purchaser? Let's reach for the blocks again. In this case, we have the atmosphere, a potential polluter and someone who will take greenhouse gas from the atmosphere (maybe using new trees, a scrubber, or perhaps by seeding the ocean with iron to promote plankton); a sequesterer.
The sequesterer receives carbon credits for removing greenhouse gasses from the atmosphere. They are purchased by the polluter, who then goes ahead and pollutes, but the amount of pollution is exactly equal to the amount of sequestration and so the result is shown below:
Clearly, the atmosphere gains no new greenhouse gas and the polluter can now claim to be greenhouse gas neutral.
But wait, there's more! Suppose there is no polluter, and a rich benefactor who cares about the environment or a government decides to purchase credits from the sequesterer and immediately destroy them. Before the transaction the blocks look like this:
and after the transaction they look like this:
That's right, an ETS that awards credits for sale only to those who clean greenhouse gasses from the atmosphere encourages activity that can reduce atmospheric levels of greenhouse gas if credit purchasers choose not to pollute.
This may seem obvious to you, and it is, but I have had so many arguments with people who can't see it that I thought illustrating the logic with blocks might help.
Here's the killer: It is generally much cheaper to do nothing than to extract greenhouse gasses from the atmosphere. If we award people carbon credits for simply reducing outputs of greenhouse gas, we effectively pay them for nothing, and it takes much longer for emissions trading schemes to work because few will engage in activities that extract greenhouse gasses from the atmosphere.
So next time someone says that they are "greenhouse gas neutral" because they purchased credits from a power company that got credits for installing a wind farm, or from someone who opted not to clear a patch of rain forest, let them know that they are kidding themselves. We'll all benefit if you do because our emissions trading systems will be much more effective if they properly reward greenhouse gas neutrality.