A SCHEME and a SCAM.
A SCHEME by the rich to continue their polluting guilt free, while the poor will have to make sacrifices for the environment so the rich can continue to pollute.
A SCAM because there is no independent auditing/verification the scheme is helping the environment.
Anyone can sell carbon credits, but how can it be verified they performed the promised tasks? How much was actually spent on reducing carbon emmisions?
Screw the environment, I'm gonna carbon credit my way to becoming a billionaire!