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Ultimately the carbon credit scheme isn't that different from the petro-dollar. A central authority issues it. Consumers must obtain it before using energy. The
by aww_dang 5y ago
Ultimately the carbon credit scheme isn't that different from the petro-dollar. A central authority issues it. Consumers must obtain it before using energy. The difference is the rationale and the issuer.
In the past regime change against those who opposed the petrodollar system has been rationalized with a variety of justifications. The public accepted these with varying levels of belief.
It isn't difficult to imagine governments being overthrown for "crimes against the earth" when they fail to kowtow to the carbon credit system. Whether you believe the oceans will boil or not, in this hypothetical the justifications for war will be relatively more coherent and self-consistent than the ones buttressing the petrodollar.