Hacker News new | ask | show | jobs
by lupusreal 672 days ago
"Carbon offset", e.g. somebody who owns a lot of property with trees says he's totally, hypothetically, going to chop down those trees except actually he's going to sell some carbon credits instead. High likelihood he was never going to chop down the trees in the first place, or does so anyway and it's only 10 years later that anybody even notices. Oh, but there are ways to audit this they say! Auditors can look at the deforestation rates of neighboring properties to estimate the hypothetical averted deforestation caused by the sale of the carbon credits. And the guy who sold the carbon credits can pay his neighbors to chop down trees to pass this audit.

It's all a scam. A system by which rich people swap money back and forth with other rich people to absolve themselves of the climate sin they claim the rest of us are burdened with.