Majority of offset projects that have sold the most carbon credits are ‘likely junk’, according to analysis by Corporate Accountability and the Guardian
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.”
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.
https://www.energy.gov/articles/biden-harris-administration-announces-25-billion-cut-pollution-and-deliver-economic
“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.