George King, a Cattle Australia director, has written an opinion article arguing that carbon markets are shifting wealth away from family farmers. He warns that selling carbon is leaving farmers open to the liability of having to repay that carbon at a much higher rate at an unknown time in the future when trading in a futures market that writes its own rules. He argues that farmers are going into a dark alley chasing corrupt money when selling carbon, as it trades an invisible natural gas critical to all life on earth, and carbon trading is just a tool for the commercially sophisticated to transfer ownership of real wealth to themselves, and in doing so, turn multi-generational farm owners into peasant farmers. King questions the flawed logic of carbon trading, with one party storing carbon in trees or in the ground while the other party emits the same amount of carbon. According to King, no carbon is reduced; it is only shuffled from one side of the spreadsheet to the other, creating unearned and often corrupt money with no environmental benefit. King believes the work of fixing the environment can only be done at the soil level, and discussing carbon reductions at a global level is ludicrous while developing nations are bringing their people out of poverty with carbon-emitting energy. King argues that carbon trading schemes are a tool for transferring wealth into the hands of commercial players, undercutting multi-generational farmers who operate within their means, avoiding costly passions beyond their income, and who survive commodity-driven business.
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The restructuring capability of blockchain and the concept of carbon credits.
Blockchain technology is being used to create a more transparent and efficient carbon credits market. The global carbon credit market...
