Does this perpetuate the idea that companies can pollute now and simply “buy” their way out? Isn’t this especially true if a lot of carbon removal technologies are unproven, or proven at a minuscule scale of what is needed?
I’m all for initiatives addressing the climate crisis at this size and scale, but not if this follows a similar path to the carbon credits and carbon offsetting markets we have now.
See this FT article for example: “Carbon offset transactions surge despite environmental concerns” https://www.ft.com/content/5ca87325-0baf-47fb-85e0-b1e4746f4...