Originally Posted by
SilverMallard
The basic concept of Renewable Energy Credits (REC's), which seems to be the term used by the companies issuing them and their major proponents, is not the problem. The basic proposition is this: for whatever energy consumption you cannot feasibly replace with renewable sources of energy in stead of carbon emitting sources, you donate the amount of money that would produce the equivalent amount of renewable energy.
Well, if that were how it were being done, that wouldn't be such a bad idea. But that is NOT how it is being done. Instead, it's a blatant confidence game that sells pollution indulgences at grossly discounted rates, claiming "benefits" to the environment hundreds or even thousands of times greater (future benefit) than the actual dollar amount spent could acquire NOW...let alone years down the road. Furthermore, people purchase these credits from firms set up by the very people encouraging folks to purchase them, and those folks take a windfall profit from these purchases by playing on people's guilt. And...in the meantime...everybody keeps on polluting. They just now feel better about it.
Helping folks feel better about polluting is NOT a sound conservation strategy. That is intuitively obvious to the casual observer! Say you see someone tossing trash into your favorite trout stream. You walk up and say, "Wow! That's horrible, isn't it? Stream pollution. But if you pay me $5 each day you fish, you can still toss that trash in the river; but I will donate that money to the Boy Scouts for you and they will clean up your mess. Isn't that great?" So the guy agrees and hands you $5. He goes on downstream and tosses his beer can in the river guilt-free. Then, you donate $1 to the Boy Scouts, who tell you they can't clean up the stream for less than $100 to cover logistics costs. So you go out and get 20 polluters to donate the $5 each. And these 20 folks are dumping way more trash in the river than the BSA can clean up per outing on $100 to cover expenses. But those 20 guys are now "guilt-free" polluters. So they even pollute MORE. But you're making $4/person per day of fishing and claiming to be cleaning up the stream...which is just getting worse. Get the picture?
Well, that would be BETTER than what's going on with RECs! REC's make NO CLAIM to actually reduce carbon emissions. They claim that they will...SOMEDAY...with ZERO guarantees.