Originally posted by jazz
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So-called contracts for difference set a price on tradable carbon credits, which heavy emitters can get if they reduce pollution. If the market price for the credit falls below the minimum in the contract, the government would make up the difference".
Once the big companies make big investments this BS is entrenched and there is no going back.
They can't admit they pissed all that money away on nothing. Even if it was to take advantage of 100% deductions or big government incentives.
We are probably already there.
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