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What confuses me is that everyone is pledging net-zero by some date but emissions keep rising. So somehwere someone is "laundering" emissions. A quick perusal o

What confuses me is that everyone is pledging net-zero by some date but emissions keep rising. So somehwere someone is "laundering" emissions. A quick perusal of the offset-credit industry shows that there is massive recycling (reuse) of credits, relabeling of existing sinks as offsets and all the financial engineering and shenanigans that happen when commons are financialized. This all makes me very skeptical of lean towards the opinion that climate salvation lies in an alternate energy source which makes fossil fuels uneconomic.

gruez 4y ago
>What confuses me is that everyone is pledging net-zero by some date but emissions keep rising. So somehwere someone is "laundering" emissions. Nah it's way simpler than that. They're just setting targets and not following them. >Climate Action 100+, a pressure group formed by 700 investment funds, aims to ensure that 166 of the world’s biggest greenhouse-gas emitters align with the Paris targets. It said this year that 69% of them were committed to reach net zero by 2050 or sooner. However, only 17% had set medium-term targets or produced quantified decarbonisation strategies. Almost two-thirds of oil and gas companies are still pursuing projects inconsistent with limiting global warming below 2°C, it noted. https://www.economist.com/special-report/2022/07/21/internalising-the-externalities https://www.economist.com/special-report/2022/07/21/internal...