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by 75dvtwin 2676 days ago
I am yet to see an example of corruption-free model converting environment impact reduction (or increase) in to monetary credit or (debit).

"..

To offset their own carbon emissions, European companies have been overpaying China to incinerate a powerful greenhouse gas known as hfc 23.

And in a bizarre twist, those payments have spurred the manufacture of a harmful refrigerant that is being smuggled into the U.S. and used illegally.

…"

https://e360.yale.edu/features/perverse_co2_payments_send_fl...

1 comments

Still the perfect is the enemy of the good and all that. It's probably better to have a flawed but functional mechanism than nothing. I'll give you that hfc 23 story is bad.