Quote:
So you'll buy a bicycle with it and ditch your car?
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If you buy me a new bicycle, I'll promise to drive less
But more on topic, I think carbon offsets are useful for encouraging companies to reduce pollution to levels below what they are allowed, although this may be better accomplished with a tax on pollution amounts. To be useful, though, would require careful monitoring, as well as adjustment to account for new technologies and products being manufactured. This leads quite easily to a regulatory mess, and I question whether this is the most efficient use of taxes to reduce pollution.