What is the dark side of the carbon credit scheme?
Have you ever considered the potential downsides of the carbon credit scheme? While it may seem like a straightforward solution to combat climate change, there are some hidden concerns that need to be addressed. For one, the carbon credit market is prone to manipulation and fraud, with some companies exaggerating their emissions reductions in order to sell more credits. Additionally, the scheme can lead to a false sense of progress, as it allows companies to continue polluting as long as they pay for it. Furthermore, the carbon credit system can also have unintended consequences, such as encouraging companies to relocate to countries with less stringent environmental regulations. So, what is the true cost of the carbon credit scheme, and are there better alternatives to tackle climate change?