The Three Reasons for the Market's Popularity
- π The first reason is to take advantage of new investment trends, such as ESG (Environmental, Social, and Governance) investing, which has become popular since 2008.
- π« The second reason is that it slows down regulation, as companies can claim to be carbon neutral with voluntary carbon offsets, which are cheaper than mandatory carbon credits.
- π€₯ The third reason is that the whole scheme never worked in the first place, with a study finding that up to 94% of carbon credits sold never actually removed any carbon from the atmosphere.