PLANKTOS: The Solution to Climate Change?
By Maya Face
A for-profit company named Planktos Inc. claims to “erase carbon footprints†by offsetting carbon emissions. Their promotional materials say, “Global Warming: Solved!†–offering a quick fix to the largest challenge of our times. While they are primarily concerned with “restoring†plankton in the oceans, they have a subsidiary that plants trees in the European Union. The carbon dioxide taken up by the plankton is sold as carbon credits to consumers, businesses and governments. Ocean fertilization is a quickly emerging threat to the oceans and better ways of dealing with climate change; the estimated future value of the market for ocean fertilization is $100 billion. Planktos is likely to make huge profits from the Kyoto Protocol, the market for carbon offsets, the huge carbon footprints of Western consumers, and industrial greenhouse gas emissions. Meanwhile, the world’s oceans and climate are paying the price, with widespread scientific uncertainty as to how they will be affected by iron fertilization. Continue reading