No New Parts
Carbon has been treated as a commodity since the beginning, and commodity treatment cannot mobilize investment capital. This series works through what would have to be true for carbon to be held by institutions, and finds that every component required already exists and has for decades. The parts are not new. The assembly is.
The series
01Framing Is EverythingCarbon credits are an idea. What they are worth, and who will hold them, is decided by the frame you interpret them through.02The Commodity Dead EndEveryone treats carbon credits as commodities. Almost nobody remembers deciding to. What that inherited choice costs, and how oil escaped it.