U.N.’s Carbon Credits Create Perverse Incentives

By: Steve Maley (Diary)  |  August 9th at 04:00 PM  | 

It seems harmless enough when an airline offers their customers “green indulgences” in the form of carbon credits when buying a ticket. The credits are intended to resolve the guilt the customer is supposed to feel for his wanton use of fossil fuels. In practice, the credits have become a perverse incentive for practices that are exactly opposite what the U.N. intended when it created | Read More »