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So, in a carbon exchange between business, the value of what a company will have to buy is simply "deterred pollution." That is not a tangible asset, and it is certainly not something that ought to be the basis for a billion (possibly more) dollar carbon credit trading scheme. This is akin to saying the value of the loan you gave me will be backed with my good intentions. What I am advocating for is not government created mandates that attempt to revamp an economy before it is ready for such a move. You know damn well this carbon emission legislation goes a lot further than asking someone to install a scrubber.
So, in a carbon exchange between business, the value of what a company will have to buy is simply "deterred pollution." That is not a tangible asset, and it is certainly not something that ought to be the basis for a billion (possibly more) dollar carbon credit trading scheme.
This is akin to saying the value of the loan you gave me will be backed with my good intentions.
What I am advocating for is not government created mandates that attempt to revamp an economy before it is ready for such a move.
You know damn well this carbon emission legislation goes a lot further than asking someone to install a scrubber.
