Carbon credits and offsets of all flavors are a scam. I just searched Google[1] for "carbon credits scam" and the first several entries were from Vox[2] (it's

Carbon credits and offsets of all flavors are a scam. I just searched Google[1] for "carbon credits scam" and the first several entries were from Vox[2] (it's complicated), WaPo[3] (it's a scam), GreenPeace[4] (it's a scam), the Guardian[5] (scam), and Center for American Progress[6] (we need new oversight to curb fraud). These are hardly right-wing or climate skeptics. I am very inclined to believe them; I believe that con artists are gonna find a way to game any new financial system to their own advantage. Personally, as the market is so abstract and as verification is often difficult, I don't see an effective way to remove the fraud from such systems. Granted, I am no expert in carbon trading, but the abstractness seems like a fraud magnet. [1] https://www.google.com/search?q=carbon+credit+scam https://www.google.com/search?q=carbon+credit+scam [2] https://www.vox.com/23817575/carbon-offsets-credits-financialization-ecologi-solutions-scam https://www.vox.com/23817575/carbon-offsets-credits-financia... [3] https://www.washingtonpost.com/travel/2023/04/17/carbon-offsets-flights-airlines/ https://www.washingtonpost.com/travel/2023/04/17/carbon-offs... [4] https://www.greenpeace.org/international/story/50689/carbon-offsets-net-zero-greenwashing-scam/ https://www.greenpeace.org/international/story/50689/carbon-... [5] https://www.theguardian.com/environment/2022/mar/23/australias-carbon-credit-scheme-largely-a-sham-says-whistleblower-who-tried-to-rein-it-in https://www.theguardian.com/environment/2022/mar/23/australi... [6] https://www.americanprogress.org/article/the-cftc-should-raise-standards-and-mitigate-fraud-in-the-carbon-offsets-market/ https://www.americanprogress.org/article/the-cftc-should-rai... [ed] added line feeds to fix run-ons