Bitcoin and Carbon Credits

[Elwar]

Could Bitcoin be used for Carbon credits?

I know carbon credits are silly and a way for Al Gore to make money so I would rather such a silly idea not have scammers taking money from a stupid scam.

So why not use the blockchain?

People who are a carbon sink can prove to their government how much carbon they are pulling from the environment and they will get in return a bitcoin address per pound or square foot or whatever the measurement is.

People who pollute can go to their government and are given empty addresses to fill per pound or whichever. Just fill them on a first come first served basis.

Then the government sanctioned polluting can commence and environmentalists will be happy about it.

[bryant.coleman]

Carbon credit is a silly and flawed idea to fight global warming. If you want to slow down global warming, then just stop cutting down the rain-forest in Congo, Indonesia and Brazil.

[Elwar]

Carbon credit is a silly and flawed idea to fight global warming. If you want to slow down global warming, then just stop cutting down the rain-forest in Congo, Indonesia and Brazil.

But carbon credits allow rich companies to pay governments to allow them to pollute the world. Kinda like how companies pay the EPA to allow them to pollute.

Both are highly defended by environmental/socialists.

[Spendulus]

Could Bitcoin be used for Carbon credits?

I know carbon credits are silly and a way for Al Gore to make money so I would rather such a silly idea not have scammers taking money from a stupid scam.

So why not use the blockchain?

People who are a carbon sink can prove to their government how much carbon they are pulling from the environment and they will get in return a bitcoin address per pound or square foot or whatever the measurement is.

People who pollute can go to their government and are given empty addresses to fill per pound or whichever. Just fill them on a first come first served basis.

Then the government sanctioned polluting can commence and environmentalists will be happy about it.

How do we charge for polluting the block chain?

[LRCGROUP]

Another way to perform emission trading.  Companies buy credits with BitCoin.
Take it a step further and invest in futures, increasing the help with planned pollution.