The key thing is that most of the offsets sold on these markets were fraudulent. This has been known for years, but the realization that a particular project didn’t result in any CO2 removal was a big deal for the markets:
But a bombshell New Yorker article earlier this month asserted that millions of carbon offsets generated by Kariba, a giant project that earned nearly $100 million for purportedly preventing deforestation in Zimbabwe, didn’t actually prevent deforestation and preserve the carbon in the trees and soil.
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Oh come on, we can do it, yes we can! We just need to stay positive, and keep appealing to the logic, reason, and basic humanity of the people in power. They’ll come around, they’re just people trying to do the right thing like anyone else.
We went to the moon, climate change doesn’t stand a chance!
You forgot to put the /s in.
Made me laugh so hard the whisky came out my nose!
I was kind of half mocking and half legitimately trying to stop understand the headspace of those that still see hope not just in the face of apathy by those in power, but in the face of for profit deceit when those in power say something is being done.
They think there’s a way out without painful collapse. I contend we’ve reached the point where those with all the power have no interest in sacrificing short term profit for thr good of the species. Maybe that’s counterproductive, but I see it as healthy in a circumstance that I and we the peasants are prevented from controlling by power.
I think putting it into the heads of the powerless that it’s on us to find a way to reign in our oligarch masters is just shaming the peasants for the oligarchs actions. They own state violence as well as the state , the means of production, the means of propaganda in all major media, they’ve propagandized half the peasants to defend their system against their own interests.
Telling the peasants if they aren’t out there protesting in designated protest zones with a city permit the polluting oligarchs couldn’t give a two shilling shit about that its their fault is just victim blaming, plain and simple.
Maybe this will change once the insurance tables update their pricing to include the new risks?
The problem is the offsets being traded are largely fraudulent. This isn’t something that can be solved with a change in an actuarial table
Right, I should read the article. Sorry.
