It’s even worse. The places that sell carbon offsets are often poorer parts of the world. The selling is essentially a privatization of carbon sinks. As is tradition, these privatizations are very under-priced. Worse still, as they’re selling carbon sinks, they will not have those carbon sinks for themselves in the future if they choose to “develop” and emit more GHGs… they’ll have to buy carbon credits from some other fools and the prices are not likely to be lower.

It’s all very silly.