Here in Cambodia, I work with an organization that encourages entrepreneurial approaches to social and environmental development problems (and aren’t assholes about it). Because some of the businesses they incubate have positive environmental effects, they end up with carbon credits.
Managing that has turned up a huge barely documented international market for these credits that allow them to be used as credits by multiple separate entities, who sell them on, after taking the benefit in their tax filings. This is made complicated because it happens across borders, and no effective means of tracking these credits to ensure double, triple, quadruple dipping isn’t happening.
This is the only logic for using a blockchain, perhaps. But they still are a malignant arena for manipulation: as Canada had the courage to do, a Carbon Tax is clearly a far better way forward.
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