- Ankur Surendra Verma
- Delhi / Bombay / New York
This conversation is closed.
Where is environment on our conscience?
A kid’s story
It was a hot summer. Chipmunk opened a lemonade shop while his good friend hamster opted for an orange juice booth. The two friends opened their shops in a cave away from sunlight (and people) so the liquids would stay cool. The chipmunk being the shrewd one, put a dollar in his coffers so as to make it seem that business is good.
At the end of the day, their books showed a customer every hour or two, all the lemonade and orange juice is sold, but they had only a dollar between them. Where did all the money go?
Well, this is what happened. Nobody ever turned up to buy their stuff. After a couple of hours, however, the chipmunk decided that he’d do his friend, a good turn, and be his first customer so as to start his day off. Took his dollar and did the same. Then hamster returned the favor and took that dollar and bought himself a glass of refreshing orange juice. It was a hot day, and it didn’t seem wrong to genuinely be each other’s customer every hour or two.
It was a kids story, but when exchange of carbon credits happens in a commercial way with govt support/involvement, it seems like chipmunk and hamster have gone on to be our rulers.
Anyone who believes in indefinite growth in anything physical, on a physically finite planet, is either mad or an economist.
Kenneth E. Boulding
If as an investor I buys carbon credits today in anticipation of another part of the world failing to meet its reduction targets by a certain date, and sell it at a premium when its demand is high, where is environment on my conscious?
I can reduce my carbon foot print tweaking the way I conduct myself, buying credits take care of things beyond that.
Unlike an individual, govt bodies have the mandate, the wherewithal and the powers to do something about it, and not just buy off their responsibility. Who ought to be the seller if a govt body buys carbon credits? Directly or indirectly, people? That sounds very unethical.
Are they being used in the right spirit?