Climate change is likely going to be the worst case scenario we can think of right now, meaning 10 Celsius, with unlivable heat, storms, devastating hail and barely much agriculture being possible. Most current ‘systems’ are futile exercises done for profit and to delay real emissions reduction. The UNFCCC is the authority, it will look for your carbon capturing or emission reduction method and issue credits, so the emissions can still be done elsewhere. It is all about financing low emissions technology while not undercutting bank cashflow, that is what the scheme is designed for.
If our goal is not to keep the banks happy, but for humanity to survive (longer) we need to do different things, unprofitable things, things that may not be easy to account. We still need to do it because it buys us (and other life on Earth) time. One such thing is reflect more light back into space. Reflecting IR, visible light and UV back into space has the advantage that it cools Earth. It mimics the effect of cloud cover or less sunshine. If you reflect 90% of the light back, it is like the sun only shines for 10%. This was the case at the poles, and it created stabile ocean and atmospheric currents. This is all thrown out of wack now.
To finance such ideas we should adopt a new kind of credit, a Climate Protection Credit. The question is what does this credit grant you to do? Even though you can calculate the slight effect on atmospheric temperatures of say one square kilometer of highly reflective material, how can you reward it. Besides that question is how to enforce the system. At the moment banks still have everyone fooled and behave like some alien force that has us all in its grip. Nobody can mess with it, even though it happens quite often that banks lose grip (for example during the 2008 sub prime crisis). Those moments pass in silence, and we once again are told to work hard and bring food to the table in an economic system that hopes to kill us at the end of our (economically) usefull lifes.
It seems we have to organize and make a promise to weed out all the pro fossil and pro banking influences out of politics, and reward the people that have done a thing to protect our climate when we have reached stabile power. This can be pretty soon. Until then it will be a struggle, but for those that thought about our existence, it is always rewarding to know you have done your best.