Emeritus Prof Christopher May on Nostr: If #CarbonCredits are part of the mechanism for 'encouraging' a #GreenTransition then ...
If #CarbonCredits are part of the mechanism for 'encouraging' a #GreenTransition then they need to be expensive enough to lead firms to identify cleaner alternatives.... however, the UK's policy of being free & easy with the provision of CCs has led to yet another drop in price.
Its pretty simple economics, you increase the supply, the price drops... but in this case the consequence is yet more 'legitimate' #emissions & less incentive to change.
It shows up CCs for the nonsense they really are
Published at
2024-02-02 06:41:45Event JSON
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