The notion of buying and selling carbon credits wreaks of money laundering and political schemes to undermine the citizens.
Either reducing carbon emissions is critical or it is not. If it is, then it is equally critical in China as it is in Chicago. Having Chicago have standards that are more stringent that China wreaks of a corrupt system of abuse and money laundering - the environment is not Chinese or American or European, etc. and it is not controlled by humanity - it may have aspects that are better managed, but it is not controlled, and attempts to control mother nature typically end up like the nuclear bombs and destroy lives.
Is the act of selling carbon credits an acti of money laundering?
If a company sells carbon credits, does that mean it has developed a currency, just like crypto currency firms who are in the cross hairs of US Regulators seeking to control currency for the monopoly powers of central banks?
Who would buy carbon credits - someone who is emitting too much carbon, so they payoff, as in a bribe, by buying carbon credits, in order to continue to "destroy the environment"?
This entire notion of creating carbon credits and buying/selling carbon credits has nothing to do with the environment. It is a money laundering scheme of epic proportions to tax citizens and allow the oligarchs to continue with corruption of humanity on Earth.
Carbon credits are generated from projects around the world that pull Greenhouse Gases (GHGs) out of the atmosphere or keep emissions from being released. Each time a project verifies they have reduced, avoided, or destroyed one metric tonne of GHG, one carbon credit is created.One carbon credit is accepted as equivalent to 1000 kg of carbon dioxide. It is the difference between the carbon emissions allowed and actually emitted carbon. India does not levy an explicit carbon price. Fuel excise taxes, an implicit form of carbon pricing, cover 54.7% of emissions in 2021, unchanged since 2018. Fossil fuel subsidies cover 2.5% of emissions in 2021, unchanged since 2018. Anyone can purchase shares in these ETFs through their brokerage account. Other ways to invest in carbon credits include buying shares in individual companies that buy or sell the credits, or by trading carbon-credit futures. The Balance does not provide tax, investment, or financial services and advice. Our estimate is that by 2030, India will be selling almost 200 million carbon credits, and the demand from Indian corporations is expected to be in the range of 120-130 million carbon credits. So, 60-70 per cent of carbon credits will be sold within India itself. Carbon offsetting can be seen as unethical because it does not work at the core issue of reducing CO2 emissions, it creates a wealth gap between “rich” and “poor” countries, and is often used as green washing. Reducing carbon emissions instead of offsetting them would be the most ethical way.
To me, I do not think it is money laundering since it helps to solve or reduce a canker that is bedeviling the world.
Provocative question Kenneth.
Could you please elaborate on the money laundering argument?
Considering all inputs, for me, carbon credits are essential in internalizing negative externalities in order to mitigate Climate Change. Works quite well in Europe so far.
Given the strong libertarian culture in the US, how likely is it that Carbon Markets will be introduced nationwide going forward? Happy to hear controversial input.
If the United States citizen is subjjected to World Economic Forum ideology for carbon emissions, but China, Saudi Arabia, Columbia, and other nations don't have equal mandates at the same time, the the global economy is simply mooching off of US tax payers, like they do fo United Nations, military defense and other socialist ideas ... abuse Americans and live in hypocrisy while funneling funds to corrupt NGOs like Clinton foundation, and other laundering NGOs ( Haiti, etc)
I do not buy into the carbon credit ideology.
The trading of credits is used and abused by corporate entities as currency, yet the true intention is a control of the population, using fictitious virtue signaling such as ghg's and carbon emissions as the hook.
The abuse of these systens and the pure socialistic/oligarchy methodology is corrupt at its core with little science and lots of puffery used to create an economic control rather than allow free markets to exist.
Again, taxing US citizens is a favorite of Europe and it has run its course. Americans are fed up with the failed socialist approach and are not interested in fubding European socialist programs.
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