silence7@slrpnk.netM to Climate@slrpnk.netEnglish · 2 years agoOffsetting 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.www.newyorker.comexternal-linkmessage-square11linkfedilinkarrow-up197arrow-down10cross-posted to: earth@hexbear.net
arrow-up197arrow-down1external-linkOffsetting 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.www.newyorker.comsilence7@slrpnk.netM to Climate@slrpnk.netEnglish · 2 years agomessage-square11linkfedilinkcross-posted to: earth@hexbear.net
minus-squareRootBeerGuylinkfedilinkarrow-up23·2 years agoWho would have thought. Good it came out. Now get ready for absolutely nothing to happen or change based on that.
minus-squaresilence7@slrpnk.netOPMlinkfedilinkarrow-up4·2 years agoPeople already stopped buying the offsets; their market value dropped to near zero as a result.
minus-squarefederalreverse-old@feddit.delinkfedilinkarrow-up2·edit-22 years agoThey likely switched to another, similarly scammy provider.
minus-squaresilence7@slrpnk.netOPMlinkfedilinkarrow-up6·2 years agoThe whole market crashed. It’s not just this scammer or that one
minus-squareBen Matthews@sopuli.xyzlinkfedilinkarrow-up2·2 years agoIt’s crashed and revived before, selling a feel-good drug that satisfies addictions to high-energy lifestyles, real-world impact was never the point.
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.