Liberia set to concede 10% of its territory to Emirati company for carbon credit production - eviltoast

Hard paywall, but key facts are before the restriction.

  • GuilhermePelayo@slrpnk.net
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    1 year ago

    I’m extremely sceptic of carbon credits as a whole. The logic is just flawed. Not because the way you can make carbon credits but because it effectively created a marked where you can buy rights to pollute. For most companies that will be just a matter of economics. If I can make more money by polluting more if I make enough I can just pay to offset the carbon I added to the atmosphere. And seems a bit sad for a country to concede land to a company even if given resource extraction alternatives makes it not that bad.