Thank you for clarifying all these Article 6 issues! Yes, it is all about profit and making money and as per history, all money flows to the North, which have immunized themselves from any significant contributions to the climate perils of the global South. Pretending that they can extract the needed funds from offsets markets is a delusional distraction. My idea for oxygen pricing would have enabled the necessary flow of funds, but like I said, the global North while considered "rich" is pleading poverty by actually creating poverty among their own peoples, so have immunized themselves from carbon reparations. For anyone mystified by references to colonialism, consider this: Say for instance the DRC (Congo) has offered all its remaining forests as offsets for the fat-cat corporations, and perhaps receiving some token payments in return. Now, what can DRC do about its own emissions? By colonialism, the businesses of the North feel that the rest of the world is theirs to use to "offset" their emissions (even though offsets don't work). And remember that only debt instruments can be traded in financial markets, so offsets and carbon "credits" are all debt instruments, and if that debt is defaulted, who gets hurt?
The key giveaway is their use of the term 'markets.' They are incapable of 'divesting' themselves of their toxic system, even in the title of an intentional diversion.
Thank you for clarifying all these Article 6 issues! Yes, it is all about profit and making money and as per history, all money flows to the North, which have immunized themselves from any significant contributions to the climate perils of the global South. Pretending that they can extract the needed funds from offsets markets is a delusional distraction. My idea for oxygen pricing would have enabled the necessary flow of funds, but like I said, the global North while considered "rich" is pleading poverty by actually creating poverty among their own peoples, so have immunized themselves from carbon reparations. For anyone mystified by references to colonialism, consider this: Say for instance the DRC (Congo) has offered all its remaining forests as offsets for the fat-cat corporations, and perhaps receiving some token payments in return. Now, what can DRC do about its own emissions? By colonialism, the businesses of the North feel that the rest of the world is theirs to use to "offset" their emissions (even though offsets don't work). And remember that only debt instruments can be traded in financial markets, so offsets and carbon "credits" are all debt instruments, and if that debt is defaulted, who gets hurt?
The key giveaway is their use of the term 'markets.' They are incapable of 'divesting' themselves of their toxic system, even in the title of an intentional diversion.