Forcing companies to buy them creates a financial incentive to not burn stuff. Its effective, but the price you have to make them pay to get rid of all the burning is higher than can be politically supported in the near term.
Yes, there is a requirement to buy permits in the carbon market. It applies to large emitters and fuel sellers. It does not cover non-fossil-fuel emissions sources, like some pesticides which are also greenhouse gases, or agricultural methane sources.
Forcing companies to buy them creates a financial incentive to not burn stuff. Its effective, but the price you have to make them pay to get rid of all the burning is higher than can be politically supported in the near term.
Are they required to buy them? Are there audits? Does this apply to literally all fossil fuel use?
Either way, it still gives an excuse to keep burning fossil fuels.
Yes, there is a requirement to buy permits in the carbon market. It applies to large emitters and fuel sellers. It does not cover non-fossil-fuel emissions sources, like some pesticides which are also greenhouse gases, or agricultural methane sources.