Exactly right! What I’ve been saying for years, and Chris for decades - It is all a sham, a shell game, and the net results of all carbon credits are recorded in the Keeling Curve (not!).The next scam to follow is “green bonds” for biodiversity. More monetizing of Nature with little actual effectiveness - quoting from a Financial Times article https://on.ft.com/3yroJYb “In the case of green bonds, only a minuscule share of the money raised is spent on nature conservation, in part because few such projects generate cash flows from which to repay investors.” So the return for investors flows from carbon taxes or general revenue; a clever investor-subsidy trick, while no meaningful environmental action takes place.
Exactly right! What I’ve been saying for years, and Chris for decades - It is all a sham, a shell game, and the net results of all carbon credits are recorded in the Keeling Curve (not!).The next scam to follow is “green bonds” for biodiversity. More monetizing of Nature with little actual effectiveness - quoting from a Financial Times article https://on.ft.com/3yroJYb “In the case of green bonds, only a minuscule share of the money raised is spent on nature conservation, in part because few such projects generate cash flows from which to repay investors.” So the return for investors flows from carbon taxes or general revenue; a clever investor-subsidy trick, while no meaningful environmental action takes place.