Read the below:
The $2 billion market for voluntary carbon credits – tradable securities that represent one ton of CO2 reduced or removed from the atmosphere by a “green” project – is facing a “reckoning,” according to Morgan Stanley analysts.
The voluntary carbon market lacks oversight, and buyers may find that promises by sellers are not true, which leads to losses, according to Bloomberg.
Green project scandals have led to carbon credit futures prices collapsing by up to 77% this year.
Why It Matters: When interest rates were low, and capital was nearly free, the voluntary carbon offset market seemed sustainable. But higher interest rates have exposed this market as just wishful thinking by central planners. Like the corporate push for ESG (Environmental, Social, and Governance), the carbon credits market will likely be dead within a few years. – H.B.
Now note at the very beginning "voluntary carbon credits – tradable securities".
In other words, it's another money scam -- the carbon credit crap is a total scam -- nothing but another stock market for the very wealthy to fleece small businesses and the middle class.
Stop falling for the bullshit known as 'man-made climate change' . . .
The $2 billion market for voluntary carbon credits – tradable securities that represent one ton of CO2 reduced or removed from the atmosphere by a “green” project – is facing a “reckoning,” according to Morgan Stanley analysts.
The voluntary carbon market lacks oversight, and buyers may find that promises by sellers are not true, which leads to losses, according to Bloomberg.
Green project scandals have led to carbon credit futures prices collapsing by up to 77% this year.
Why It Matters: When interest rates were low, and capital was nearly free, the voluntary carbon offset market seemed sustainable. But higher interest rates have exposed this market as just wishful thinking by central planners. Like the corporate push for ESG (Environmental, Social, and Governance), the carbon credits market will likely be dead within a few years. – H.B.
Now note at the very beginning "voluntary carbon credits – tradable securities".
In other words, it's another money scam -- the carbon credit crap is a total scam -- nothing but another stock market for the very wealthy to fleece small businesses and the middle class.
Stop falling for the bullshit known as 'man-made climate change' . . .
Read the below:
The $2 billion market for voluntary carbon credits – tradable securities that represent one ton of CO2 reduced or removed from the atmosphere by a “green” project – is facing a “reckoning,” according to Morgan Stanley analysts.
The voluntary carbon market lacks oversight, and buyers may find that promises by sellers are not true, which leads to losses, according to Bloomberg.
Green project scandals have led to carbon credit futures prices collapsing by up to 77% this year.
Why It Matters: When interest rates were low, and capital was nearly free, the voluntary carbon offset market seemed sustainable. But higher interest rates have exposed this market as just wishful thinking by central planners. Like the corporate push for ESG (Environmental, Social, and Governance), the carbon credits market will likely be dead within a few years. – H.B.
Now note at the very beginning "voluntary carbon credits – tradable securities".
In other words, it's another money scam -- the carbon credit crap is a total scam -- nothing but another stock market for the very wealthy to fleece small businesses and the middle class.
Stop falling for the bullshit known as 'man-made climate change' . . .
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