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> They're more happy to pay the fines and continue than so. Yes? Thats the whole point isn’t it? Imagine a race where there’s speed credits. The fastes runners
by gklitz 2y ago
> They're more happy to pay the fines and continue than so.
Yes? Thats the whole point isn’t it? Imagine a race where there’s speed credits. The fastes runners won’t slow down, but they’ll end up distributing part of their winnings to those who run slower, giving them a better chance to stay in the game.
Carbon credits aren’t intended to get companies to stop polluting, that would require laws, but they make it more expensive to polite without reason and create a profit potential for greener initiatives.
All of that depends on the credits not being phantom credits though. And therein lies a big issue with things like offsets. You can only sell cutting down a tree once, but you can sell not cutting down a tree infinite times, you can even sell not cutting down a tree that doesn’t exist.