Hi HN, I'm Evan. I was tired of traditional carbon offsets not impacting the source of carbon emissions so I started this company to enable r/WallStreetBets style pressure on coal power plants' bottom line. You won't get rich, but at least coal power plants won't either.
The title here is misleading. This is not a bet by WallStretBets, it's an unrelated project. (Also the guidelines ask to use the original title https://news.ycombinator.com/newsguidelines.html )
Also, the government permits can be printed out of thin air. If the government sees that the permits are not used, they can just pass an "emergency" act or something and create more.
With respect to government will make more permits - historically the government has reduced the number available (and does 3% each year by design) when they weren't used due to NG/coal switching (see 2014). If this goes completely nuts, then yes, the government would likely make more but the permits are still funding renewable energy so having it go nuts also spells doom for coal powerplants. It's like having coal powerplants match your investment in utility scale renewable energy:
evanmaynard1|5 years ago
gus_massa|5 years ago
Also, the government permits can be printed out of thin air. If the government sees that the permits are not used, they can just pass an "emergency" act or something and create more.
evanmaynard1|5 years ago
https://info.kotoo.earth/hc/en-us/articles/360062548413-r-Wa...
With respect to government will make more permits - historically the government has reduced the number available (and does 3% each year by design) when they weren't used due to NG/coal switching (see 2014). If this goes completely nuts, then yes, the government would likely make more but the permits are still funding renewable energy so having it go nuts also spells doom for coal powerplants. It's like having coal powerplants match your investment in utility scale renewable energy:
https://en.wikipedia.org/wiki/Regional_Greenhouse_Gas_Initia...
FlyMoreRockets|5 years ago
evanmaynard1|5 years ago
evanmaynard1|5 years ago