This blog was written a couple of years ago so some of the numerics may need to be updated to reflect actuary data at this date.
Carbon trading and carbon offsetting are similar schemes. Carbon offsetting is done voluntarily by individuals and companies that have bought into the global warming myth, whereas carbon trading is done by companies that are forced to do so by their governments (e.g., the members of the European Union) under treaties such as Kyoto, which sets limits in the production of carbon emissions (the so-called green house gas emissions).
For the purposes of this article and for the sake of simplicity, we will use the term “carbon trading” to refer to both trading and offsetting.
Carbon trading begins by determining one’s “carbon footprint” via various formulas. (For example, a jumbo jet flying round trip from London to Miami is said to release the equivalent of…
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