Well duh. That's the whole point of carbon credits at this point.

Of COURSE it is.

BTW. Who gets this carbon offset money anyway, and what do they do with it?

Oh no, maybe the EU had a point making this kind of bullshit illegal?

No shit. Companies can simply say they are offseting opposed to actually doing anything. It like asking a Capitan Planet villain to be honest.

It “may” be? What kind of cockamamie reporting is this

That’s not possible 😅🙈

To the surprise of absolutely nobody.

If I remember correctly, this was a plot point in Kim Stanley Robinson's The Ministry for the Future. There are cheaper offsets that are there for the taking, but every company must meet a certain quota, so if you buy the cheap ones, great, but if you hold out and are left with expensive ones that you can't afford, you are fined, and the money is put into the offsets anyway.

I could be totally misremembering it. Honestly, I didn't enjoy the book that much.

It's even worse. The places that sell carbon offsets are often poorer parts of the world. The selling is essentially a privatization of carbon sinks. As is tradition, these privatizations are very under-priced. Worse still, as they're selling carbon sinks, they will not have those carbon sinks for themselves in the future if they choose to "develop" and emit more GHGs... they'll have to buy carbon credits from some other fools and the prices are not likely to be lower.

It's all very silly.