Carbon Credits are shit, they don't work. And at best just move money and risk around.
Hint: If the timber industry supports something, you know it is bad.
Timber companies claim carbon credits for trees they don’t cut down.
By Simeon Tegel
@corlin: But hey, at least Al Gore got a Nobel or whatever prize and made a shit-ton of money for/off them.
@thedisasterautist @corlin it gets worse: there is a growing group of crypto projects like KLIMA that put carbon credits and offsets on the blockchain. They're ostensibly trying to drive up the cost of carbon assets but it's probably a fool's errand. https://www.coingecko.com/research/publications/what-is-klima-dao-and-how-does-it-work
Damn.
But given one moment of thought, yes of course they did.
Late market capitalism can NOT save late market capitalism.
We could fix capitalism, ya it will mean less rich folks, and smaller corporations.
But crypto ain't gonna do it.
@corlin @thedisasterautist revolution has traditionally worked... for a time.