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this post was submitted on 08 May 2024
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one of my favorite fun facts, is that apparently a non insignificant number of "carbon credits" come from unsealed oil wells being sealed up. Which sounds good and all.
Until you realize that leaving oil wells unsealed is literally illegal and not to regulation standards what so ever. So you are literally paying for carbon credits, that remove carbon, that never should have been in the environment to begin with.
I love capitalism.
Well, if big companies can get carbon credits, why can't I? Biking a few miles a day should yield me some, shouldn't it? Because I'm not using a car? Sure, I breathe more, but it's still less CO2 than by using a car.
Think bigger. You need to offset the carbon you'll save by not burning hundreds of tons of garbage at the local landfill. Do you own the landfill? Hell no. Will you burn it? Not if they pay you not to.
Howling
Yeah, you can basically tokenize anything ad absurdum. This kind of highlights how carbon tokens are just a PR move and nothing else.
nothing is stopping you from selling your own carbon credits...