Carbon credit sales are booming: It’s time to calibrate, not celebrate
carbonware.substack.com
The market for voluntary carbon credits is growing faster than ever due to corporate climate commitments; what’s troubling is how it’s growing and what that means for the climate
This was SUPER informative and thought provoking. I hope you'll turn this into a series. For one thing, I don't understand at all how an offset can be profitable at $3. Second, what's to stop FF Co.s from creating low quality offset companies, buying from them, allowing those companies to then dissolve after litigation (because their physical sequestration assets (trees, etc) were found to be insufficient, leveraged several times over, or non-existent), yet continue to claim the offsets on their books?
This was SUPER informative and thought provoking. I hope you'll turn this into a series. For one thing, I don't understand at all how an offset can be profitable at $3. Second, what's to stop FF Co.s from creating low quality offset companies, buying from them, allowing those companies to then dissolve after litigation (because their physical sequestration assets (trees, etc) were found to be insufficient, leveraged several times over, or non-existent), yet continue to claim the offsets on their books?