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For sure not all carbon credits are created equal, and a lot (especially the cheaper ones) are bunk. For any project which claims to be carbon neutral through p
by rcxdude 3y ago
For sure not all carbon credits are created equal, and a lot (especially the cheaper ones) are bunk. For any project which claims to be carbon neutral through purchasing credits, you need to look at what those credits are actually doing and assess whether it is actually removing carbon from the atmosphere or not. Basically don't throw the baby out with the bathwater: most carbon credits are bunk, but don't assume that any given project is bunk just because they are selling carbon credits.
- AnthonyMouse 3y agoExcept that this makes the entire concept bunk, because what the company cares about is the ability to claim carbon neutrality in their PR, which they'll do by choosing the credits that are the cheapest, which will be the ones that are a fraud. The actual way to fix this is to price carbon. You don't get money for not burning down a forest, you pay money if you burn down a forest, or burn coal. Then you refund all of that money to the public so it isn't a net tax, it's just an incentive to not emit carbon, because only the people who emit carbon pay the tax but everybody gets the refund.
- rcxdude 3y agoagain, that's a reason to distrust if someone says they are neutral because of carbon credits, it's not a reason to distrust any given capture scheme because they are selling credits.
- AnthonyMouse 3y agoBut who is going to buy expensive credits that actually do something instead of cheap credits that don't? At that point you're just making a donation and the concept of "credits" no longer has any relation to what is happening.