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135 sats \ 1 reply \ @Scoresby 19h \ on: carbon credit and bitcoin lightning lightning
There are two main kinds of carbon markets: voluntary and mandatory. Mandatory markets exist when a government passes a law that institutes a quota of emissions for covered companies (much like you describe above).
Voluntary markets involve carbon credits being purchased by companies in what amounts to marketing: companies can claim to "carbon-neutral" or more environmentally friendly products and services because they have purchased offsets for the carbon produced by the company. These credits don't involve a quota. Offsets might include reforestation projects or direct air capture of carbon or many other things.
I love the idea of involving micropayments in day to day life, but I think carbon credits might be difficult to apply to individuals. Quotas in general don't work well, imo. And it feels like you'd be trapped in an endless game of whack a mole as people try to game the system.
Also, the freedom-lover in me is screaming that this would be really hard to implement without giving a ton of power to governments -- which I'm not too interested in.
TIL, thanks for explaining. I don't think it would work on an individual scale, cool concept regardless.
And Yes you're right there's no way to monitor your personal footprint without giving the government (specially the ones like EU) the rights to violate your privacy and tax you to hell for it.
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