@ahmadmanga's thread

The Three Reasons for the Market's Popularity

• 📈 The first reason is to take advantage of new investment trends, such as ESG (Environmental, Social, and Governance) investing, which has become popular since 2008.
• 🚫 The second reason is that it slows down regulation, as companies can claim to be carbon neutral with voluntary carbon offsets, which are cheaper than mandatory carbon credits.
• 🤥 The third reason is that the whole scheme never worked in the first place, with a study finding that up to 94% of carbon credits sold never actually removed any carbon from the atmosphere.