In a nutshell, they are instruments to 'short #sustainability' - Yes, betting on our own self-destruction.
The more the World fails to achieve its carbon reduction targets, the more valuable these useless credits will be... but they have ZERO effect in reducing the CO2 in the air.
So we will end up with an overheated and unlivable planet, humanity at the brink of extinction... and a big pile of money...
Pathetic.
Carbon credits are the brainchild of someone who when presented with a disaster about to happen, doesn't search for solutions, but ways of profiting from it.
I don't even want to think about the new universe of carbon credit derivatives, futures, swaps and crypto tokens that will be build around this empty concept.
We need actual ways of removing CO2 from the atmosphere, so the big bucks and brains should be going to those ideas instead.
No more time and money spent on moving CO2 from left to right for a fee. This does not help at all.
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