The big companies buying have been doing in full knowledge that the offsets are fraudulent — it’s an instrument for greenwashing. The public exposure of this reduced the value of offsets for that purpose, which is why they’re not worth as much, even though they’re likely to still be largely fraudulent.
Ofc (mostly) fraudulent, Im saying that it being fraudulent doesn’t affect the value, the public knowing about it does.
What s horrible system we agreed to. And keep tolerating it.
The big companies buying have been doing in full knowledge that the offsets are fraudulent — it’s an instrument for greenwashing. The public exposure of this reduced the value of offsets for that purpose, which is why they’re not worth as much, even though they’re likely to still be largely fraudulent.
Ofc (mostly) fraudulent, Im saying that it being fraudulent doesn’t affect the value, the public knowing about it does.
What s horrible system we agreed to. And keep tolerating it.