Renewable Energy Credits

California polluters may soon buy carbon “offsets” from the Amazon — is that ethical?

  “Fires in the Brazilian Amazon have outraged the world. But what can people living far from the world’s largest rainforest do to save it? California thinks it has an answer. On Sept. 19, the California Air Resources Board endorsed the Tropical Forest Standard, which sets the groundwork for electric utilities, oil refineries and other … [Read more…]

Tesla’s dirty little secret: Its net profit doesn’t come from selling cars

  “Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, … [Read more…]