Has anyone heard of carbon credits? Its a joke. A factory in India can sell their carbon credit to another factor/plant in North America. The plant in India will be paid $$ per tonne. That meaning the plant in India will have to cut their carbon emissions (say x tonnes) so that the plant in North America can increase their emission by the same x tonnes. Well who is keeping a tab? No one. Indian firms are raking in the money ($$) and still emitting CO2 and the North American plant has increased its CO2 emissions since "it purchased the credits" from the Indian plant, thereby increasing their productivity/operation. Its a win-win situation for the businesses.
