Carbon credits are a tradable permit scheme
Carbon credits provide a way to reduce greenhouse gas emissions by giving them a monetary value.
International treaties set quotas on the amount of greenhouse gases countries can produce. Countries, in turn, set quotas on industrial emissions. Industries that exceed their quotas must buy carbon credits for their excess emissions and industries below their quotas can sell their remaining credits.
A business with emissions that would be expensive or prohibitive can pay another to make the reduction for it. In addition to the burning of fossil fuels, major industry sources of greenhouse gas emissions are cement, steel, textile, and fertilizer manufacturers.
The main gases emitted by these industries are methane, nitrous oxide, hydrofluorocarbons, etc, which increase the atmosphere’s ability to trap infrared energy.
Our addiction to fossil fuels, coal & oil, has changed the quality of our air, water and earth. Our health is affected by toxic-related cancer. The cost of production, transport and storage of our food requires energy in solid, liquid and electrical form in ever increasing amounts.
Coal fired power stations are trying to clean up their efficiency. Nuclear power has negative issues. Wind, solar, hydro, tidal, geothermal and plant material have all become more viable as the price of energy rises and oil supplies diminish.
Cannabis applications include: the effect of moderating oil prices, the “food vs fuel” debate, poverty reduction potential, carbon emissions levels, sustainable bio-fuel production, deforestation and soil erosion, loss of biodiversity, impact on water resources, as well as energy balance and efficiency.
HEMP is ENERGY (E=hempseed squared)
Biomass from food crops and their byproducts is used to make bio-fuel. Bast fibre crops include such species as flax, kenaf and industrial hemp. The “hurd” is the inner woody core of the bast fibre plant’s stem.
In general, bast fibre crops produce the greatest amount of usable bio-mass over the shortest period, for the least amount of water.
Hemp is a highly efficient mop crop and can use most waste or even brackish water. Between 1.7 and 1.9 tonnes of carbon dioxide is absorbed from the atmosphere for each tonne of crop.
We typically grow 10-14 tonnes of crop straw per hectare. Another 2-3 tonnes of mass is produced and stored in the root system.
Each hectare of hemp could immediately sequester some 22 tonnes of greenhouse gases.
Hemp crops are able to sequester more carbon than trees in a short 150 day season and yet leave arable land available for other crop production in the remainder of the year.
The wood for the trees is hemp.