Offsetting has been hailed as a fix for runaway emissions and climate change—but the market’s largest firm sold millions of credits for carbon reductions that weren’t real.
Offsetting has been hailed as a fix for runaway emissions and climate change—but the market’s largest firm sold millions of credits for carbon reductions that weren’t real.
Offsetting has been hailed as a fix for runaway emissions and climate change—but the market’s largest firm sold millions of credits for carbon reductions that weren’t real.
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Who would have thought. Good it came out. Now get ready for absolutely nothing to happen or change based on that.
People already stopped buying the offsets; their market value dropped to near zero as a result.
They likely switched to another, similarly scammy provider.
The whole market crashed. It's not just this scammer or that one
It's crashed and revived before, selling a feel-good drug that satisfies addictions to high-energy lifestyles, real-world impact was never the point.