2 ms·

It also incentives for hostage taking like behavior. "Oh wow sure is a nice forest I own, it would be a shame if I cut it down if only someone would pay me to k

• asdff 2y ago
  Not to mention, sometimes estimates for how much carbon a given credit producing entity captures are way off. Sometimes maliciously poorly estimated I am sure. There's also no doubt enforcement and oversight mechanisms are insufficient by design.
• Scoundreller 2y ago
  And to keep your coal/cement/refinery/whatever plant operating as long as you can until you get a huge cheque to stop. And if/when carbon credits become a thing, you know that nobody else can just start up as freely as you did and compete with you. You got there first so you’re special!
• lupusreal 2y ago
  The carbon credits based on counterfactuals (e.g. how many trees on this forest would have been cut down in some alternate universe) are true insanity. Impossible to verify by their very nature, and the schemes to estimate their truthfulness (measuring deforestation of neighboring forests) are easy to game. For instance the owner of a forest that wouldn't have been deforested anyway can claim he would have, then pay locals a smaller reward to ruin neighboring forests to "verify" the legitimacy of his claim.