Watts Up With That? by Eric Worrall 10/3/2020
h/t Dr. Willie Soon; Cuba’s dictatorship has developed a sudden interest in converting the poverty the Cuban people into hard currency carbon credit payments.
Despite socialist scepticism, Cuba shows interest in carbon trading
Published on 30/09/2020, 12:24pm
In its national climate plan, Cuba indicated it would like to sell carbon credits on an international market, a concept previously opposed by socialist allies
By Joe Lo
Cuba has suggested it wants to get paid to reduce emissions, if a controversial global carbon credit scheme is set up.
In an updated climate plan submitted to the UN this month, Cuba says it “intends to use cooperative approaches that involve the use of mitigation results of international transfer†under Article 6 of the Paris Agreement.
An international carbon market to put Article 6 into practice is still under negotiation. It would allow countries to sell any over-achievement of their emissions reductions targets, for other countries or corporations to count towards their carbon-cutting commitments.
This concept has long been controversial, particularly with left-wing governments allied to Cuba like Venezuela and Bolivia. They prefer “non-market measuresâ€.
More:
https://wattsupwiththat.com/2020/10/03/cuba-shows-a-sudden-interest-in-carbon-trading/
