Corruption of the carbon credit system

The carbon credit system works just as any other market, and as such is not free of corruption. Corruption among carbon trading is not all that uncommon, but even worse is corruption one the side of carbon credit use.
GFL a large chemical manufacturing company in Gujarati India made a seemingly all around beneficial move to install additional filters to screen out HFC23 a byproduct of refrigerant creation that one ton equals 11,700 tons of carbon dioxide in terms of global warming. This advancement has lowered the companies carbon output so severely that the sale of their carbon credits has tripled the plants income, allowing them to increase production. The bad news behind this is that no other pollution is brought into account. The same factory poisons the land and water for many many miles surrounding the factory. Farming has become impossible, villagers are dying of unnamed diseases, birth defects (most commonly lacking joint) are becoming a part of everyday life.
This was always a problem, but now the company is being payed handsomely for their “advancement” and is able to increase their production speeding the process of killing everything surrounding them. This is also not an isolated problem, with reports coming from all over the world of similar situations. The carbon credit system, and environmental emissions, needs stricter regulation so that it can prevent situations like this from happening.


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