Jan 09
11
Consumer Generated Carbon Credits solve the Economic Arguments against Cap & Trade.
In a previous article
we discussed the potential of issuing Consumer Generated Energy Certificates
and we gave an example of walking.
The argument for consumer generated carbon credits is a
simple one.
The future Cap & Trade model is based on business
undertaking an audit of monthly energy requirements and the audit results will indicate
the monthly limit of Carbon Credit utilization.
However, if they get busy, or accidentally leave the espresso
machine on every night, then before the end of the month they will have reached
their CAP and will need to buy Carbon Credits at market to continue to TRADE.
There are several markets created for the purposes of
trading carbon credits and as their numbers grows it will be easier for small
business to become involved.
Unfortunately, there is a side effect to cap and trade, in that
near the end of each month as business exceed their monthly allowance, the market
prices will rise in response to elevated demand.
This factor has caused consternation amongst some of the
largest industrial in the world with several forming lobby groups against the
Cap & Trade methodology.
The CGTK Consumer Generated Carbon Credit system is designed
to alleviate unbearable market forces by supplying consumers with a Carbon
Credit Debit Card that can be used for either Cash purchases or Carbon Credit
Abatement payments (ccA$)
In other words, the local supermarket may near the end of
the month list two prices on the cash register.
$29.45 or 1004 gms ccA$.
The option will be with the retailer. However, the practice
will no doubt grow popular as retailers can then also enter the Carbon Credit
Market and trade CC’s in the manner of hedge funds.
A little like European 711 stores (non-Cambio) that in the nineties got
used to accepting (notes only) from neighbouring country's currencies – with the exception
that we are proposing that Consumer generated Carbon Credits are a Global issue.
The ultimate outcome will be additional cash in our economy,
a cap &
trade system that does have a chance of working and a lowered inflation
rate.