keady - i wish i was smarter. So, this is a case where a polluting entity buys rights to keep polluting from someone who, allegedly, pollutes much less than they used to Have i got that right?
| An aviation carbon-offset deadline looms, but credits are in short supply | | Airlines covered by a United Nations carbon-offsetting program for aviation have less than two years to negate their emissions. The only problem: there aren’t enough credits to go around. More than 32 million credits were available for Phase I of the Carbon Offsetting and Reduction Scheme for International Aviation, or Corsia program, as of Friday. The International Air Transport Association’s Assistant Director of Climate Policy Yue Huang believes it will require at least 200 million. The problem isn’t that the credits don’t exist. But, countries that host the carbon projects that issue them need to approve the credits for export to ensure they aren’t counted in their own national inventories. Henry Kronk/Wall Street Journal |
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