Accountancy is the distraction international climate institutions pursue. They err because reducing emissions would imply devaluing the fossil fuel assets of powerful actors. 🧵

#assets #assetStranding #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits #carbon

"The cause of climate change is the extraction and combustion of fossil fuels. But instead of focusing on the fundamental root cause, we’ve been focused on the interim product, emissions.
"But what I show in the book is that managing tons is an extremely narrow and technical understanding of the problem of climate change."

Jessica Green: https://yaleclimateconnections.org/2026/03/the-big-flaw-in-climate-policy-were-trying-to-solve-the-wrong-problem/

#assets #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits

@ApaulD
Yes, everything you say resonates loud & clear. Why don’t they [Big Oil, Big Gas] surprise us all by agreeing pleasantly to share their “windfall profits” with the country that hosts them? (Don’t answer: rhetorical!)

#bigOil #bigGas #AusPol #windfallProfits #profitSharing #profiteering