That's definitely an issue; they are encouraged to sequester emissions, instead of reduce / eliminate them. Same with CO2 emissions rights; for some reason ever

That's definitely an issue; they are encouraged to sequester emissions, instead of reduce / eliminate them. Same with CO2 emissions rights; for some reason every company gets these for free, AND gets to sell them to other companies if they're under. They should be buying them from the government in the first place, and the price needs to go up sharply every year. Too many of these ideas end up defeating the purpose. Another example: NL and energy companies are investing heavily in offshore wind parks. What happens? Instead of existing power plants shutting down, a newly built Microsoft or Google datacenter buys the majority of the capacity of the new wind farm for the next decade or so. Instead of replacing power production with renewables, renewables are added and consumption increases alongside. Makes sense in a capitalist system too, more supply means cost goes down means demand goes up means cost goes back up.