That final quote certainly says it all, and that was 16 years ago! Especially about “getting rich,” since this gleeful financializing of Nature is such a huge opportunity to leverage more assets, real and imaginary. So you can “own” a hectare of rainforest, and flip that on asset markets. So what? This reminds me of old-time real estate scams where you bought, unseen, a building lot in Florida then later found out it was swamp. Revealed here is the entire fallacy of carbon-pricing and its inherent failure to either save the forest or end fossil-fuel usage. Oxygen pricing would directly fund, no strings attached, forest retention, since its funding source is not tied to the carbon cycle. But it makes burning of fuels quite expensive.
That final quote certainly says it all, and that was 16 years ago! Especially about “getting rich,” since this gleeful financializing of Nature is such a huge opportunity to leverage more assets, real and imaginary. So you can “own” a hectare of rainforest, and flip that on asset markets. So what? This reminds me of old-time real estate scams where you bought, unseen, a building lot in Florida then later found out it was swamp. Revealed here is the entire fallacy of carbon-pricing and its inherent failure to either save the forest or end fossil-fuel usage. Oxygen pricing would directly fund, no strings attached, forest retention, since its funding source is not tied to the carbon cycle. But it makes burning of fuels quite expensive.