The Big Problem With Carbon Offsets

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Imagine a financial tool that lowers greenhouse gasses, speeds the green transition and rejuvenates forests. That’s the promise of carbon offsets, but far from the reality. In this segment from Getting Warmer, Kal Penn explains how carbon offset markets work, or in most cases don’t.
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Getting Warmer is Bloomberg's exclusive new show about climate, clean energy and business, anchored by actor and former White House aide Kal Penn.
Accompany him on his journey as he takes an up-close look at bold climate solutions and discovers new facets of the global transition to clean energy.
In a hosted studio segment, Penn sifts through the overwhelming news about our climate and breaks down the facts and trends to understand with a dose of humor and optimism. Why are the recycling symbols on your plastic cups misleading? How does the carbon credit market work and does it actually help? And what is the future of water in a drought-ridden world?
On the road, Penn meets the innovators, researchers, communities and businesses pivoting to new energy sources and spearheading low-carbon technologies. In documentary segments, Penn speaks to the self-declared “crypto cowboys” of Texas who claim Bitcoin mining can help stabilize the state’s troubled electrical grid, and travels to Nevada to visit the company attempting to build America’s first closed-loop supply chain for electric vehicles. In New York, Penn explores the urban designs proposed to save the city from the next Superstorm Sandy and goes inside New York’s Empire State building to investigate the challenges of decarbonizing our cities and landmarks.
The show builds on, and includes contributions from, Bloomberg Green’s award-winning team of climate journalists as well as London-based climate storytellers Jack Harries and Alice Aedy. With a focus on the most pressing questions for young viewers, Jack and Alice unpack one big idea each episode. From recycled wastewater to regenerative agriculture and the challenges of a just transition for workers in the energy sector, they’ll break down how countries across the world are finding intriguing solutions to our climate crisis, and outline the challenges ahead.
Watch Getting Warmer starting February 1st at 8p EST streaming on Bloomberg channels on Connected TV Devices including Samsung TV+, LG Channels, and Fire TV. And on & Bloomberg.com.
You can also watch on Bloomberg TV (BTV) at 10p ET.
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Опубликовано:

18 апр 2023

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Комментарии : 108

@homewall744 Год назад

I was about to burn a billion barrels of oil, decided against it, and now I'm carbon neutral for the next 50 years.

@charlytaylor1748 4 месяца назад

How much do we owe you?

@farazakg 4 месяца назад

From a doctor to be an Activist. Great Job Kumar 👏

@Shotcaller71 Месяц назад

I was thinking the same

@ssuwandi3240 5 дней назад

Da Foolish Diversity😊 Hook and Sinkers

@ianluce9297 2 месяца назад

He just exposed the whole scam, it's the monetary side, it's a new economy

@pedroloco9327 16 дней назад

and control over populations

@NewMateo Год назад

Carbon offset landowners are even doubling up and signing up with multiple offset companies. It's all just a huge scam.

@AnonymousanonymousA Год назад

Pretty obvious

@matthewsteed6822 9 месяцев назад

Count me in!

@wisedonkey_ 2 месяца назад

It seems like business as usual. We are doomed. Thanks for the report

@RMT1980 10 месяцев назад

It's a scam

@kenharris5390 Год назад

In the United Kingdom, big corporations are purchasing farmers' properties and planting trees. The farmers are happy to sell to these corporations because the farmers in Britain have lost their EU subsidies as a result of Brexit. The farmers themselves are happy to sell because they are offered a price way above the actual value of their farm. Therefore less produce is available in a lot of the Uk markets as a result of Brexit., which of course increases prices because of a shrinking supply chain. The only winners are the mega-corporations, who make political donations to the parties that make the legislation.

@DemPilafian Год назад

Brexit causes scurvy.

@alwynwatson6119 7 месяцев назад

Someone should sell environmental offsets. That way, people can drive electric cars and still post about having a massive carbon footprint. Or companies can gain the technological benefits of decarbonisitng the supply chain whilst not being cancelled for being woke.

@pedroloco9327 16 дней назад

Not just the UK , Bill Gates owns most of the farm land in America along with big corporations , Ukraine , most of the agricultural land is owned by Blackrock or Vanguard.

@ALCRAN2010 Год назад

If I take probiotics, I should be able to claim carbon credits on my taxes for decreased carbon emissions....

@AnonymousanonymousA Год назад

If you take seaweed to why not? Secret Societies of influence based in Money Laundering capitals like Switzerland should may pay Huuuuuuge carbon taxes. Maybe huge Carbon Taxes for Medical Upcoding, H.a.a.r.p. conducting corrupt illuminati ish conspiracies, and who can forget Syngenta's Atrazine, without that people might actually be healthier.

@koilafinau6425 2 месяца назад

Okay now i understand what this is - Ive watched 3 other videos befre yours just trying to understand what the heck Carbon offset is - i think they all just wanted to sound smart that it just made their explanations more complicating - thank you!

@CitiesForTheFuture2030 Год назад

The mini second a person can make a profit from doing something they will try to cheat! There are so many trusted & effective nature conservation NGOs whose primary goal it is to restore nature and help communities - and they are in desperate need of funding. Yet big business would rather invest big cash in fly-by-night & dodgy companies whose sole purpose is to make profit? Are we surprised it all went wromg? Or perhaps that was the point - something corrupt is going on...

@jadebear23 7 месяцев назад

So basically how i see it is its all about money and no difference is being made

@kristensorensen2219 Год назад

When do we go to White Castle? Are they going to be carbon neutral too?

@thedandywarhol.5560 8 месяцев назад

Thank you!I thought I was the only one!😂😂

@rchallender2493 2 месяца назад

This is pretty much like punching someone in the face at recess, being told by the teacher and your parents to apologize and then giving a fake apology with your fingers crossed behind your back 🤷🏻‍♂️

@strangelee4400 10 месяцев назад

'Here's a multi-millionaire to explain it all...'

@pathfinder5651 3 месяца назад

Carbon offset money are going back to big companies pockets... What a joke

@thecleanslate1819 3 месяца назад

Kal Peen needs to be in whatever Kiefer Sutherland does next. Juror

@hydrogentv 5 месяцев назад

Awesome~~^^🎉🎉

@DemPilafian Год назад

Replacing fossil fuels with solar is a legitimate carbon offset. However, planting more trees is like throwing a sponge into an overflowing bathtub without turning off the faucet. If you don't turn off the faucet, all the sponges in the world won't save you. Trees are great for the *LOCAL ENVIRONMENT,* but planting trees does *NOTHING AT ALL* to end the extraction and burning of fossil fuels. Focus on transitioning to a clean, sustainable power grid as soon as possible. The rest is noise.

@ethansklom6661 6 месяцев назад

I understand you point and it is mostly valid. I did my masters degree as a forester in this. It all comes down to what is the end use of the trees. If a tree is eventually burned you are 100% correct. But in some cases the tree gets turned into a 200+ year sink be being turned into valuable projects (expensive furniture, some houses) and then finding their way into a deep landfill. But in my opinion the secondary benefits are more important, its bringing important money to often poor communities around the world to help them be proper stewards of the land which in it self is frequently a long term carbon sink in the soil.

@DemPilafian 6 месяцев назад

@@ethansklom6661 Projects that focus on biodiversity, reversing desertification, and fixing soil erosion are generally very beneficial to both nature and humans. Projects that plant trees to capture carbon consistently fail and sometimes even damage the local ecosystem.

@simitraining8987 6 месяцев назад

Not to mention planting a tree and regarding it as x amount of carbon being taken out. X being the amount of carbon sequestration in the trees entire life. is bogus. because there is no follow up by the company that first plants the tree to ensure it is maturing properly and contributing to its ecosystem. The companies planting trees are not stewards of the land in which they plant on. Which almost guarantees the environmental capital in which is claimed to be created isn't.

@Ramzblood Месяц назад

@@simitraining8987 what effect does wifi, particularly 5G, have on the life and health of plant life, organisms, and trees. I see alot of dead or dying trees in my city. I believe going high tech also has its disadvantages too, but are not being accounted for with Carbon Credits. For instance lithium mining for batteries.

@ciararespect4296 16 дней назад

Poor communities around the world don't need money because they expand. They shouldn't be given any help so they wither @@ethansklom6661

@FreeDumbDaily 9 месяцев назад

Wait. WHY is Kumar on here?

@ThanhTLam1 Год назад

I LIKE THESE!

@rafaelunplugged 2 месяца назад

Ironically everyone needs to be negative 10 for 50 years to get back to what we once were lol

@dustinandrews3223 2 месяца назад

so these are similar to recycling plastics....

@agbedeisaack2690 3 месяца назад

I want to ask that, which of carbon offset and decarbonization is the best option?

@rchallender2493 2 месяца назад

Do you mean which companies or in a biological sense what methods can be employed to offset the most atmospheric carbon?

@2748941 2 месяца назад

Biochar from wood waste that would have been left or burnt - turn it into biochar and work it into farmland to improve soil structure - sequesters carbon and reduces fertilizer leaching builds organic matter etc .but the red tape from the so called organizations that are screaming climate change is insane , not even allowed to compost on a farm without spending millions

@pedroloco9327 16 дней назад

@@2748941exactly and it’s that that exposes this scam for what it is.

@babaybay650 11 месяцев назад

All business you know

@biwnzixebrxb4786 19 дней назад

NO to carbon tax.

@SpynCycle57 7 месяцев назад

Murderers should be able to sell carbon credits due to their victims not producing any more carbon waste. Got rich by being a serial killer.

@ewanjones9743 Год назад

Reduce your emissions. If you do emit, make sure you buy carbon removal and not the majority of offsets.

@dynasty5053 3 месяца назад

Which one is strictly for the Elites???? I chose that one.

@Propelled 5 месяцев назад

The problem with carbon credits is the false belief that controlling carbon will do anything at all.

@gustavoalceudesouzacruz7354 11 месяцев назад

shell? really?

@eddiekulp1241 8 месяцев назад

Liked when he escaped with his buddy from Guantanomo Bay

@dgwenzi День назад

I liked you better as a press secretary to President Kirkman.

@derekww4844 11 дней назад

All of the major Forest fires in the last 20 years were due to not cleaning up the dried ded wood this poor forest management all the flooding is due to the reclaiming of marsh land and or the sea and not doing enough to keep the water from backing up or braking through the flood enhancements. Holland land mass is mostly under the sea level and they don't get flooded, most of Tokyo japan is all reclaimed land from the sea as well and they don't have flooding issue. Even with all the forest fires the earth has greened by 20% due to higher CO2 levels that the equivalent of the contental USA anyone anti CO2 are anti human if the CO2 levels drop below 150 ppm we are all dead

@charlessimbolon7333 Год назад

If and only if we were able to create renewables and gris energy storage cheaper than fossil fuels, we will be able to avoid the catastrophic effect of climate change

@DemPilafian Год назад

Massive utility-scale battery storage is *ALREADY* in operation and lots more is on the way. _“California’s batteries provided more power - over 3,360 megawatts - than the Diablo Canyon nuclear power plant, the state’s largest electric generator, which tops out at 2,250.”_ - LA Times (2022-09-13)

@charlessimbolon7333 Год назад

@@DemPilafian today Sollarpv plus battery energy storage is much more expensive than fossil fuels

@michelgrenier1878 10 месяцев назад

Carbon offsets from destruction of high global warming refrigerants ?

@MarioMadness1 Год назад

These guy's can even make fake companies.. buy more carbon use

@MonigMedia Год назад

Harold and Kumar and the great Carbon Cartel

@kenkauffman8342 3 месяца назад

what a jokeonly the dems think you can cut 6 inches off the top of a blanket and sew it on the bottom and think you have a bigger blanket

@dynasty5053 3 месяца назад

Easy on the coca bud 🍚

@devondetroit2529 Год назад

It’s a complete fraud

@vbarcodev9714 5 месяцев назад

So trees dont off set co2??

@fredlacroix6865 Год назад

SCAM

@samuelfrutiger2609 3 месяца назад

in other words climate change is just a business?!

@NMPT777 Месяц назад

Have you felt the heat? Do you see the lack of snow? What an insane comment

@samuelfrutiger2609 Месяц назад

@@NMPT777 Sheep always amazed me, once one falls of the cliff, they all follow....

@pedroloco9327 16 дней назад

@@NMPT777 we still get heat waves and snow , it just fit into the time scale that we are used to as seasons. That’s not consistent with global warming but is consistent with a shift in the Gulf Stream or a shift of the earths axis. In the ice age what changed for the planet to become what it then became before the industrial revolution? All of the climate scientists predictions over the last thirty years have been fear mongering and so far off the mark . Is it any wonder that people don’t trust them?

@jackred2362 2 дня назад

Physics can't be negotiated.

@juleeforget-me-not8909 7 месяцев назад

No it isn't

@joseaugustofigueiredo2796 7 месяцев назад

Carbon credit! When a pyramid collapses in the West, another is built!

@biwnzixebrxb4786 19 дней назад

it's almost like social credits

@pedroloco9327 16 дней назад

That’s exactly what it is , just like the jab passport. Most of the data collected on the UK app had nothing whatsoever to do with whether or not you had been jabbed. Then on top of that it turns out it made no difference in respect of transmission or prevention when it came to being jabbed or not.

@Majestros 3 месяца назад

Get back on the bongs bro

@jackjames1 Год назад

Spare me… 🙄

@astbast1966 Год назад

Bloomberg where is the quality content you use to Post.

@Shotcaller71 Месяц назад

Don't listen to this stoner

@karlwheatley1244 23 дня назад

"Don't listen to this stoner" Uhh, the science and math proves he is right.

@Shotcaller71 20 дней назад

@@karlwheatley1244 He's an actor from the movie Harold and Kumar go to white castles

@karlwheatley1244 20 дней назад

@@Shotcaller71 "He's an actor from the movie Harold and Kumar go to white castles" Which would be a meaningless ad hominem attack. He was also the White House press secretary in Designated Survivor but I don't confuse him for the characters he plays. Rather, I'm a senior university researcher who has studied the unraveling of the web of life for more than a decade, and what he is saying is correct.

@Shotcaller71 20 дней назад

@karlwheatley1244 no need to get your knickers in a knot I don't care how smart you think you are

@pedroloco9327 16 дней назад

@@karlwheatley1244 is that the science that they “ own “ or real science? You do realise that science is constantly evolving based on new evidence? It is also based on peer review , if you seek to discredit the peers that don’t agree with you then that’s not science.

@kristensorensen2219 Год назад

Liked him better in the stoner movies🗯🗯💛