Ive seen them on the news recently but Im confused as to what they actually do. Is it like a tax?
In: Economics
If there were Garbage Credits, the idea would be I go out and pick up four pieces of garbage, then I sell you a certificate that says you can throw four pieces of garbage on the ground and still be “garbage neutral”, because -4 + 4 = 0.
Carbon credits are like that, but instead of garbage we’re talking about carbon dioxide in the atmosphere. 🙂
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