Lot of deep research here, thank you! Yes, it is Carbon Cowboys in the new Wild West of financial schemes: carbon credits. But so what if a fat cat sells a carbon credit and it turns out the underlying land is public, or in the middle of the Atlantic? Who actually lost anything? Just a fat cat makes a buck. Even if the carbon credit was "genuine," it does absolutely nothing for emissions reduction.
Lot of deep research here, thank you! Yes, it is Carbon Cowboys in the new Wild West of financial schemes: carbon credits. But so what if a fat cat sells a carbon credit and it turns out the underlying land is public, or in the middle of the Atlantic? Who actually lost anything? Just a fat cat makes a buck. Even if the carbon credit was "genuine," it does absolutely nothing for emissions reduction.