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People have been buying fake carbon credits for a long time. There’s very little incentive to validate the authenticity of the credit/offset. The press release
by nebezb 11mo ago
People have been buying fake carbon credits for a long time. There’s very little incentive to validate the authenticity of the credit/offset. The press release is usually all the value they’re looking for.
I’ve only just now heard of someone getting in trouble for selling them. It’s about time.
- bryanlarsen 11mo agoOTOH there are lots of people who are interested in selling genuine carbon credits. They are pressuring governments to clean up this market. It's a hard coordination problem, since we don't have a unified world government. (Thankfully).
- calmbell 11mo agoThere should be a world standard or standards for genuine carbon credits. Maybe the UN could create an agency that determines such a standard and verifies that carbon credits meet that standard.
- engineer_22 11mo agoIt's a hard coordination problem because, like sea shells or glass beads, CO2 is not a good store of capital.
- arthurcolle 11mo agoPlant capital are people too!