this post was submitted on 10 Dec 2023
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Good old offsetting.
Where it's OK to cheat on your wife, as long as you slip 5 quid to a guy in another country, and he'll tell you he's stayed celibate.
Is there money in that? Because I could make some bank.
That metaphor doesn't apply. CO2 in the atmosphere is fungible. Taking a gram out after putting a gram in works out to zero.
Where it's a problem is that they aren't actually taking a gram out. Regulatory oversight is little to nothing. That has allowed companies to pay a token amount into offset programs and pretend the problem is solved. What they're paying is far too cheap to accomplish what they claim.