Cuba Reveals a Sudden Curiosity in Carbon Buying and selling

1952 Chevrolet in Havana.

1952 Chevrolet in Havana.1952 Chevrolet in Havana. CC BY-SA 3.0, link

Guest essay by Eric Worrall

h / t Dr. Willie Soon; The Cuban dictatorship has suddenly developed an interest in turning the poverty of the Cuban people into hard loan payments.

Despite socialist skepticism, Cuba is showing interest in carbon trading

Published on 09/30/2020, 12:24 PM

In its national climate plan, Cuba stated that it wanted to sell carbon credits in an international market, a concept previously rejected by socialist allies

By Joe Lo

Cuba has proposed being paid to cut emissions if a controversial global emission allowance is introduced.

In an updated climate plan presented to the United Nations earlier this month, Cuba stated that it "intends to use collaborative approaches that involve the use of mitigation results from international transfer," under Article 6 of the Paris Agreement.

An international carbon market to implement Article 6 is currently still being negotiated. This would allow countries to sell any overachievement of their emissions reduction targets so that other countries or companies can count towards their CO2 reduction commitments.

This concept has long been controversial, particularly among Cuban-allied left-wing governments such as Venezuela and Bolivia. They prefer “non-market measures”.

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In my opinion, Cuba's sudden interest in carbon credits is likely a threatening development for ordinary Cubans.

As a dictatorship, Cuba just needs to accurately measure the misery of the Cuban people and then take away some of their belongings to qualify for substantial payments from the European Union and other carbon markets.

For example, a significant portion of the Cuban automobile fleet is rundown, old US automobiles left over from the relative prosperity of the Batista regime. If Cuba said that cars over 15 years old are arbitrarily banned for emitting too much CO2, an instant carbon credit. No one the regime cares about would suffer, and it's not that ordinary Cubans can object. The regime could even make a few extra dollars to sell the old wrecks to collectors.

Let us hope that the idea of ​​paying emission allowances does not catch on with even worse regimes.

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