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Saturday, December 19th, 2009

ReduceYour Carbon Footprint, Earn Money

June 30, 2009 by Miranda Marquit  
Filed under Finance

There are numerous blog posts and “how-to” guides aimed at helping you save money each month as you use less energy . However, there are precious few programs that actually pay you to reduce your carbon footprint. However, this is exactly what My Emissions Exchange proposes to do.

As you probably know, there is a carbon market out there, with cap and trade systems that allow participants to buy and sell carbon credits . (The U.S. carbon market is in Chicago.) But getting access to the market as an individual is a bit difficult. My Emissions Exchange is designed to help you “sell” your carbon savings on the market. After entering your energy usage for the past year, you update each month’s use and My Emissions Exchange will record it. The company then packages savings into credits, and sells them on the market. You are compensated a portion of the sale , paid to you via PayPal.

myeex_value

An email I received from My Emissions Exchange offers this insight into the motivation behind the program:

The idea is to influence individual consumer behavior by providing an extra financial incentive to minimize your carbon footprint . Consumers will already save considerably by reducing their utility bills; this program will provide them with advice, a built-in “support group” and cheering section in the form of the other users of the site, and an extra financial bonus for the resulting verified carbon credits.

It looks like an interesting program, and one I want to learn more about. After all, appears to be a step in the right direction in terms of rewards for desirable behavior , rather than punishment for undesirable behavior.

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Comments

3 Responses to “ReduceYour Carbon Footprint, Earn Money”
  1. This system must have some failsafes, but it looks wide open to abuse to me. What is stopping me entering completely bogus values and harvesting the “savings” from this initial inflated amount?

  2. faisal says:

    learnt something i never knew before. interesting.

  3. Jim says:

    Didn’t Enron pioneer carbon trading? That should be all anyone needs to know. Cap and Trade is just a big scam by the politicians to fleece the taxpayers and hand out favors to their buddies without having to admit to either. Just say NO.

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