Conflating carbon credits with blockchain makes no sense at all. The purpose of an NFT is that it is non-fungible. But a carbon credit is SUPPOSED to extinguish when matched to its supposedly offsetting emission. Therefore a carbon credit CANNOT be an NFT! But in the bullshit realm of offsets and crypto, it seems that if you can imagine it, it becomes real, like hitting the "IRL" button below a photo. All this money flowing in circles for blockchain and offsets should be funding mitigation and adaptation for the global South. If people could see the latest climate science, they would be very sorry about all this carbon-marketing nonsense and get to work cutting back their energy consumption so that fossil fuels can be left in the ground. Enough already!
Exactly! Great reporting, thank you!
Conflating carbon credits with blockchain makes no sense at all. The purpose of an NFT is that it is non-fungible. But a carbon credit is SUPPOSED to extinguish when matched to its supposedly offsetting emission. Therefore a carbon credit CANNOT be an NFT! But in the bullshit realm of offsets and crypto, it seems that if you can imagine it, it becomes real, like hitting the "IRL" button below a photo. All this money flowing in circles for blockchain and offsets should be funding mitigation and adaptation for the global South. If people could see the latest climate science, they would be very sorry about all this carbon-marketing nonsense and get to work cutting back their energy consumption so that fossil fuels can be left in the ground. Enough already!