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Good point. The answer is: Ridiculously high Government subsidies. In other words, this is simply a stealth tax on the public where the only winners are corpo
by bequanna 3y ago
Good point.
The answer is: Ridiculously high Government subsidies.
In other words, this is simply a stealth tax on the public where the only winners are corporations which benefit via very generous tax credits.
- imglorp 3y agoIt's ANOTHER subsidy for the fossil industry. We (earth) already pay [1] them around us$1T/yr to accelerate our demise. CO2 offset subsidies are on top of this [2]. So instead of stopping X, we pay them to continue X and then pay them to cook some books about X. Insane. We will be the first species driven to extinction because the alternative wasn't profitable. [1] https://www.iea.org/reports/fossil-fuels-consumption-subsidies-2022 https://www.iea.org/reports/fossil-fuels-consumption-subsidi... [2] https://www.investopedia.com/terms/c/carbon_credit.asp https://www.investopedia.com/terms/c/carbon_credit.asp
- lozenge 3y agoOh, don't worry too much. As a Nobel Prize winning economist once said, Agriculture is an industry affected heavily by climate change, but it's only worth 2% of world GDP.
- EuropeOverlords 3y ago[flagged]