Quote:
Originally Posted by Fuzz
Here's another one, we have advanced combined cycle natural gas power plants. We could agree to replace a countries coal plants with them, financing them, and they agree to buy natural gas from us at a set rate that acts as a payment for those plants(plus the gas) and we subsidize it to some extent. This would really be a win for everyone, our industry, the environment etc...
I think we just need to be creative here.
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Something like this already exists under the Clean Development Mechanism (CDM), which is recognized by the Kyoto Protocol. Project developers from developing countries can sell the emission reductions generated by carbon offset or energy efficiency projects in less developed countries. The CDM is not recognized yet by the Paris Agreement so its future is in doubt after 2020. I'm also hearing from project validators and verifiers that there are less CDM projects being developed because of this uncertainty so hopefully an agreement is reached soon.