The market for carbon credit lemons

A picture of a logged-out forest, tinted red with the blacks boosted to sinister shadows. Superimposed on the bottom right corner is a Chevron corporate responsibility wordmark reading ‘Chevron: The Human Energy Company. Climate change resilience. Advancing a lower carbon future.’ A golden halo has been superimposed over the Chevron logo. Image: Matt Zimmerman (modified): https://commons.wikimedia.org/wiki/File:Amazon_slash_and_burn_agriculture_Colombia_South_America.jpg CC BY 2.0 https://crea

The idea of selling indulgences — the right to sin, for a price — has been controversial for the past 500+ years, since Jan Hus’s condemnation of the practice. And yet here we are, in the age of carbon offsets, where forgiveneess for torching the planet is for sale.

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