Listen to an explanation of carboncredit
Carboncredit is our current money, as it is supplied by banks that extend credit. The problem with this system is that it depends on unique characteristics of fossil fuels, namely that it is stored and easily deployable energy. Renewables are different and require a different approach to money creation, such that if we do not introduce such a new money system, we can not transition to renewables and will in fact be fighting banks who’s primary interest is to keep the carboncredit system going.
Carboncredit and the Carbon bubble