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Another Unregulated Market

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  1. Anonymous says:

    It’s funny you mention the lack of regulation in the carbon offset market- in my environmental economics class, a graduate student, who used to work in offset trading, said the whole market is effectively a fraud. According to him, most of the time falsified paperwork and the like are used by corporations/countries/whoever was selling the offsets. Especially when there is no government oversight (sort of like there was in CMBS ratings before the Oct. 2008 crash), there’s more of an incentive for polluters to underreport emissions and simply put their offsets on the market.

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