Carbon-offsetting revolt
mardi 16 avril 2024 à 05:55*The UN-backed [107]Science Based Targets initiative (SBTi), which certifies whether a company is on track to help limit global heating to under 1.5°C,* has bought into the idea that "carbon offsets" are valid methods for curbing global heating.
The organization's staff condemn the plan and say it is not in fact based on science.
I've said for many years that we cannot trust them to achieve the goal,
because it is easy to set up bogus offsets that won't really reduce emissions but only pretend to.
For similar reasons, a "carbon market" would be easy to game and therefore to render ineffective. It appeals to the worshipers of the Invisible Hand.
By contrast, a carbon tax really would pressure companies to emit less greenhouse gas.