Carbon offsets, a plan originally proposed by the oil industry and the right wing politicians they purchased.
Don’t reduce emissions. Pollute and let free market economics save the world for you.
Nitrogen oxide pollution was significantly curtailed using a credit based system. It was reasonable to think that it could have worked well for Carbon Dioxide emissions too but it requires that these emissions and their offsets be easily quantifiable. Much easier to do with nitrogen oxides but not so much with CO2. The fossil fuel industry doesn’t even want people to acknowledge that fossil fuels are responsible for global warming at all let alone support a Carbon credit system.
And yet, in the US our politicians will still tout carbon offsets or carbon credits as if they are a solution to anything. The PR realizes that carbon-credits or carbon-offsets are bullshit the public has started to pickup on, so now they use “carbon capture” or “net-zero carbon.” But make no mistakes, there isn’t an environmental party that exists in the US, or anywhere else for that matter.
“President Biden’s Inflation Reduction Act features substantial improvements to the federal Section 45Q tax credit for the capture and geologic storage of CO2, which provides additional incentives to help enable wide-scale project deployment.”
These are subsidies to the Energy Sector btw.
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yeah because most of it is from self centered rich people on their private jets