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You've just described Tesla's entire business model. They sell carbon credits to enable polluters to keep polluting.

seph-reed 5y ago
For anyone else who'd never heard of carbon credits: https://www.forbes.com/sites/erikkobayashisolomon/2020/03/13/want-to-understand-carbon-credits-read-this/ https://www.forbes.com/sites/erikkobayashisolomon/2020/03/13... So, if these carbon credits exist, is it possible to coinify them and boost their value? Because it would seem the more valuable they are, the more financial incentive there would be to reduce carbon emissions.
MetaWhirledPeas 5y ago
I don't know if you meant it this way, but your statement comes across very negatively. Just a reminder that the carbon credits are doing exactly what they're supposed to do: give a leg up to green companies.
- seph-reed 5y ago
  My mind is spinning with these carbon credit things right now. You can trade them! Like a stock market! If /wallstreetbets started buying all these up (not sure of the supply right now), they could fleece dirty industries.
  - deleted 5y ago
    [deleted]
  - chaboud 5y ago
    There's a cap on valuation. You can buy them from producers or pay the ceiling cost per credit from the state (e.g. California). Now, if the WallStreetBets folks want to go into clean mobility, I'll pop the popcorn and watch that show for a few days.
    - seph-reed 5y ago
      I couldn't find anything about a "cap on valuation" on (https://en.wikipedia.org/wiki/Carbon_credit https://en.wikipedia.org/wiki/Carbon_credit) or (https://www.google.com/search?hl=en&q=carbon%20credit%20valuation%20cap https://www.google.com/search?hl=en&q=carbon%20credit%20valu...) Would you mind pointing me in the way? Even if there is a cap, as long as the current price is below it, there's a market.
Voloskaya 5y ago
That's quite a disingenuous way to describe the situation. Without ZEV credits, the polluters would keep on polluting. With ZEV credits, the polluters, for now, keep on polluting, but they have to subsidize the development of clean automotive tech, and fund their own competition. This is definitely a good thing, and give them a big incentive to stop polluting (as much) so they can stop paying for those ZEVs.
- pyrale 5y ago
  > but they have to subsidize the development of clean automotive tech More like they subsidize bitcoin-created pollution.

For anyone else who'd never heard of carbon credits: https://www.forbes.com/sites/erikkobayashisolomon/2020/03/13/want-to-understand-carbon-credits-read-this/ https://www.forbes.com/sites/erikkobayashisolomon/2020/03/13... So, if these carbon credits exist, is it possible to coinify them and boost their value? Because it would seem the more valuable they are, the more financial incentive there would be to reduce carbon emissions.

MetaWhirledPeas 5y ago

I don't know if you meant it this way, but your statement comes across very negatively. Just a reminder that the carbon credits are doing exactly what they're supposed to do: give a leg up to green companies.

seph-reed 5y ago
My mind is spinning with these carbon credit things right now. You can trade them! Like a stock market! If /wallstreetbets started buying all these up (not sure of the supply right now), they could fleece dirty industries.
- deleted 5y ago
  [deleted]
- chaboud 5y ago
  There's a cap on valuation. You can buy them from producers or pay the ceiling cost per credit from the state (e.g. California). Now, if the WallStreetBets folks want to go into clean mobility, I'll pop the popcorn and watch that show for a few days.
  - seph-reed 5y ago
    I couldn't find anything about a "cap on valuation" on (https://en.wikipedia.org/wiki/Carbon_credit https://en.wikipedia.org/wiki/Carbon_credit) or (https://www.google.com/search?hl=en&q=carbon%20credit%20valuation%20cap https://www.google.com/search?hl=en&q=carbon%20credit%20valu...) Would you mind pointing me in the way? Even if there is a cap, as long as the current price is below it, there's a market.

Voloskaya 5y ago

That's quite a disingenuous way to describe the situation. Without ZEV credits, the polluters would keep on polluting. With ZEV credits, the polluters, for now, keep on polluting, but they have to subsidize the development of clean automotive tech, and fund their own competition. This is definitely a good thing, and give them a big incentive to stop polluting (as much) so they can stop paying for those ZEVs.

pyrale 5y ago
> but they have to subsidize the development of clean automotive tech More like they subsidize bitcoin-created pollution.