Carbon Credits are a financial product to offset the environmental pollution footprints of the world’s largest companies. But do they reduce pollution or merely shuffle responsibilities around like a shell game?
“Critics of the voluntary market, where a company buys carbon credits from a business outside of a regulated exchange, point out that this does not lower the overall amount of greenhouse gases released by buyers. They are simply offset, which gives corporations a way to claim they are eco-friendly without reducing their overall emissions. Critics call this “greenwashing.”
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