4 ms·
Let's say you're a saw mill that sells your sawdust to Charmin to make toilet paper (this is a real thing btw). Now, Mr. Silicon Valley comes along and wants t
by exabrial 3y ago
Let's say you're a saw mill that sells your sawdust to Charmin to make toilet paper (this is a real thing btw).
Now, Mr. Silicon Valley comes along and wants to sell Ford Motor company carbon credits. So you guys ink a deal where every time you sell sawdust to Charmin, Ford gets a green carbon credit.
Where is the net carbon negative? There is none because it was a process that was already being done... but this is how the vast majority of Carbon Credits work and why this entire made up market does absolutely nothing to solve real world problems.
The most upvoted HN'er has the correct answer: Carbon Credits should ONLY go to new construction of green energy projects like Nuclear Reactors.