The Collapse of the Market
- ๐ The value of voluntary carbon credits has fallen by over 90% in 18 months, with the price dropping from $19 in January 2022 to $1.77 in September 2023.
- ๐จ A new registry has opened in the Middle East to hand out offset certifications to companies that don't care about actual carbon reduction and just want to put "carbon neutral" stickers on their products.
- ๐ The fourth reason for the market's collapse is that companies have realized there are more effective ways to lobby against regulation, such as learning from the Koch brothers, who have used their money and influence to shape laws in their favor.