Here’s one of the problems with carbon credits — It is very easy for developing countries to game the system. They can essentially say that they were planning to do something environmentally damaging, then switch to a ‘greener option’ and collect carbon credit income. Yet if the greener option was their original intent then the credits haven’t actually created any additional carbon savings.
I’m guessing it won’t just be developing nations that do this. Cap and trade is a scam, pure and simple. It may have originally been a good idea when environmentalists first explored it, but has been so gamed and manipulated by banksters and greedheads that it will be worse than useless, as it pretends to be a solution but isn’t.