Thats a good example. It would be better for 'global' warming if Britain just bought carbon credits from Morocco and skipped the transmission line.
Morocco gets cheap, clean energy independence and industrial investment, the world gets less fossil co2 and even if they get taken over by Martians in the future that don't respect human laws, the climate benefit is already delivered and can’t be "cut off".
However, the same groups that have poisoned the well on carbon "taxes", seem to have really done a number on the whole concept of offsets and emissions trading.
Free market economics? Not acceptable if it hurts fossil fuels and helps the poor, only vice versa it seems.
"Free market" economics are broken for nonrenewable resources, since they misprice them - don't take future scarcity into account at all, and encourage an all-you-can-extract economy.
Morocco gets cheap, clean energy independence and industrial investment, the world gets less fossil co2 and even if they get taken over by Martians in the future that don't respect human laws, the climate benefit is already delivered and can’t be "cut off".
However, the same groups that have poisoned the well on carbon "taxes", seem to have really done a number on the whole concept of offsets and emissions trading.
Free market economics? Not acceptable if it hurts fossil fuels and helps the poor, only vice versa it seems.